Greenbox Capital > Industries > Business Services Funding

Business Services Funding

“Business services” refers to any business that offers services to other businesses. No matter what service you specialize in, enterprises in every niche can continue to grow and excel with up to $500,000 in funding from Greenbox Capital® in just 24 hours.

Business Services Funding You Can Trust

Businesses that provide services to other businesses are considered “business services” businesses. Like all industries, business services enterprises sometimes need an infusion of funds to keep up with demand, continue providing exceptional service, and fuel their growth.

Getting the funding you need from a traditional lender can be difficult, especially if you operate in a higher-risk niche faced with volatile demand, fluctuations in cash flow, and thin margins. Even for lower-risk industries with stable incomes, high revenue, and higher profit margins, the application process at a traditional lender may take weeks, and there’s no guarantee of approval. Opportunities to grow can be short-lived, and they may disappear while you wait.

With a streamlined online application and flexible approval requirements, Greenbox Capital® can approve more business services funding than traditional lenders—and we can approve your funding faster, with funds deposited in as little as 24 hours. With several business services funding options from as low as $3,000 up to $500,000, Greenbox Capital can help grow businesses in all specialties, including advertising agencies, accounting firms, computer programmers, facilities maintenance, and more.

Business Services Funding Rates

Business services funding rates depend on the type of alternative small business funding you receive. Most funding options use a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the loan. Your factor rate is determined based on your risk assessment, so the stronger your business’s financial history, the lower your rate should be.

Business Services Funding Solutions

Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.

Merchant Cash Advance

You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.

Invoice Factoring

Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).

Collateral Loan

A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.

Business Line of Credit

Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.

How To Use Business Services Funding

There are no restrictions on how you can use business services funding from Greenbox Capital. Business services funding is typically best used for supporting growth initiatives that will increase your revenue, such as:

Offering additional services to add new revenue streams
Purchasing new inventory, equipment, and supplies at lower volume prices
Investing in specialized training to stay on the cutting edge of your industry
Expanding to, or acquiring, a new location
Investing in marketing and advertising

Alternative business services funding can also help when you need a quick influx of working capital to meet the unique challenges of your field, such as:

Keeping up with industry trends
Maintaining environmental standards
Staying up to date with regulatory changes
Navigating changes in consumer values and behavior
Late receivables or long accounts receivable periods
High cost of equipment upgrades or maintenance
Growing consumer demand for improved technological and sustainable practices
Competition from other local and online businesses

How Business Services Funding Works

1

Apply

Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
2

Choose Funding

A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
3

Get Funded

Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
4

Set Repayment

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.

Will You Qualify for Business Services Funding?

Exact qualification requirements depend on the type of business services funding you are seeking. Approval for business services funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:

Business revenue
Cash flow
Vendor payment history
Years in business
Public records

Business Services Funding Q&A

I own a digital advertising agency. Can I use alternative small business funding to hire more staff?

Yes, alternative business services funding is ideal for expanding your agency so you can increase your revenue. We always recommend using business services funding to grow your business.

Why should I consider an alternative lender for my business services funding?

Traditional lenders can take weeks or months to review and approve your loan application, and most applicants are rejected. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, operating costs, supplies, and more, often in less than 24 hours.

How can I get funding for a business services firm?

You can get funding for an business services firm from traditional lenders like the SBA or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances for low credit. Contact one of our Funding Advisors to learn more.

My employment agency is looking to expand across the U.S. What type of alternative funding do you recommend?

We have several funding options that could work for you. It’s always best to speak with one of our Funding Advisors to assess your unique circumstances. They’ll take the time to get to know your business’s history and your plans for growth so they can recommend the best funding option for you. Invoice factoring, merchant cash advances, and collateral loans are all commonly used for expanding a business.

What are the typical uses of funding for a business services firm?

There are many ways you could use your funding. Some uses of funding for an business services firm could include equipment and software purchases, marketing and advertising expenses, expansion costs, and much more. Make sure to consult with one of our Funding Advisors to ensure you are using your funding in the most efficient and effective way possible.

Are there any restrictions on how the funds can be used?

There are no restrictions on how funds from Greenbox Capital can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.