Business Loans for Cleaning Services

Learn about different loan options for your cleaning business.

application process and fast funding

$15 Billion
delivered to U.S. businesses

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Financing options for cleaning service companies.

Whether you run a residential cleaning service, a commercial cleaning service or a janitorial service, cleaning service businesses come with unique funding needs. Cleaning services generally have a low barrier to entry because they don’t require much in startup costs. Keeping business running smoothly, however, requires regular investments.

Common expenses may include bulk orders of cleaning supplies, customer-acquisition costs and upgrading equipment like vacuums and carpet steamers on a regular basis. At the same time, you may have to bridge cash flow gaps or boost working capital while you wait for customers to pay you. That’s where fast business funding for your cleaning company can help.

Cover your cleaning service business needs with OnDeck.

OnDeck offers two small business financing solutions that cleaning service companies can use for their business expenses.

OnDeck Line of Credit

A revolving credit line you can draw from 24/7 to receive funds within seconds.*

  • Credit limits from $6K - $100K
  • Flexible repayment terms of 12, 18 or 24 months
  • Great for smaller ongoing expenses

OnDeck Term Loan

A one-time lump sum of cash with an eventual option to apply for more.

  • Loan amounts from $5K - $250K
  • Repayment terms up to 24 months
  • Great for larger one-time expenses

Types of loans for cleaning businesses.

Business line of credit

With a line of credit, you borrow what you need and leave what you don’t. As you pay down the balance, you replenish the funds so you can use the line again.

Equipment loans

With an equipment loan, the new equipment being purchased serves as collateral. This can make the cost of borrowing less than other forms of business funding.

Business term loan

Term loans provide lump-sum funding. With repayment periods that range from just a few months to several years, this type of financing is one of the most popular types of business funding.

Merchant cash advance

A merchant cash advance is a type of business funding in which a business sells a portion of its future credit card sales in exchange for upfront capital.

We’re fluent in small business — and ready to take your call.

You don’t need to be an expert on small business loans. Our team of U.S.-based loan advisors is here to help you every step of the way.

(888) 269-4246
Monday – Friday
9:30 a.m. – 7:30 p.m. ET

Where can I get a cleaning service business loan?

A bank. As a business owner, the financing option you’re likely most familiar with is a traditional bank loan. A bank loan typically requires collateral to secure the loan, and the application process tends to take several weeks. While the interest rates on a bank loan can be attractive, many cleaning services may find it hard to qualify for a bank loan and find the application process too slow for their immediate cash flow needs.

SBA loan guarantee program. Although the Small Business Administration (SBA) is not a lender, an SBA loan can provide financing through participating banks and credit unions (among others). The SBA loan guarantee program aims to approve borrowers who might not otherwise meet the more rigid criteria required by the bank. If your company is an established business with a few years or more in the cleaning industry, and your personal credit score is above 680, this could be an option for your business.

Online lenders. Online lenders like OnDeck have become a common source of business funding for small businesses that need working capital — fast. While online business loans almost always come with higher interest rates than a traditional bank loan, their ease and convenience have made them an option that many cleaning service businesses choose.

Microlenders. Microloans are a type of business loan that are made for smaller amounts, typically no more than $50,000. While the SBA loan guarantee program is one common source for microloans, another source is non-profit microlenders. They can provide small loans to businesses that make an economic impact in the community that the microlender serves.

Resources for cleaning service businesses.

5 Best Practices for Your Employee Onboarding Process

For a cleaning service, your employees are often the only interaction your customers will have with your business. Train them properly by implementing a stellar onboarding process.

Cash Flow: What Business Owners Should Know

You’re not alone if you find it to be a challenge to keep your cash flow steady as a cleaning service company. Check out our tips on how to maximize your cash flow.

How to Evaluate Your Small Business Marketing Plan

When you’re running a cleaning service, every resource you invest in your business is precious. While marketing is essential to sustain your business, how do you evaluate which initiatives are working?

Learn more about funding for cleaning businesses.

The funding option that’s best for a cleaning service depends on that particular business’s needs and current financial situation. Here is how some common business funding types are used:

Line of credit. A business line of credit provides access to flexible, revolving funds when you need them. Most cleaning services will use a line of credit to cover upfront supply costs or to bridge cash flow in between invoices. Learn more about an OnDeck Line of Credit.

Term loan. Many lenders offer short-term and long-term business loans for cleaning services. Getting a small business loan from an online lender can be much quicker than getting a traditional business loan from a bank. Many cleaning services will use a short-term business loan to purchase cleaning supplies in bulk or run marketing campaigns, for example. Learn more about an OnDeck Term Loan.

Equipment financing. Equipment financing is a way to finance the purchase of a business’s cleaning equipment. It may refer to equipment loans or equipment leasing. Any tangible asset used in business operations can be considered business equipment. For cleaning service companies, this can include vacuums, carpet cleaners, or even the company van that’s used to travel to and from appointments. Many cleaning services find that equipment financing can be a great way to purchase equipment for their business without tying up their existing capital.

Merchant cash advance. With a merchant cash advance, a business sells a portion of its future credit card sales to a merchant cash advance provider. Because repayment is proportionate to the business’s earnings, it can be a good way to make sure that your business isn’t overextending itself on the amount it’s borrowed. This type of funding is typically best for businesses that receive a steady amount of credit card payments.

Business credit card. Business credit cards are the most common ways businesses fund their ongoing business expenses. These are especially relevant for a new business trying to establish credit history and for small business owners trying to separate their personal credit from their business credit.

Loans for cleaning service businesses can be used to cover any legitimate business need. Some of the most common ways small business funding is used for a cleaning business include:

  • Expanding the business.
  • Covering transportation needs.
  • Payroll and human resources costs.
  • Regular ongoing expenses like cleaning supplies.