Capital to Acquire, Expand & Strengthen Your Home Service Business
Whether you're acquiring another company, adding crews and equipment, purchasing commercial property, refinancing business debt, or strengthening working capital, Park Place helps Home Service business owners evaluate financing solutions built around the way their businesses actually operate.
Home Service Companies We Work With
What Could the Right Capital Help You Accomplish?
Acquire Another Business
Finance the purchase of an established Home Service company or competitor.
Complete a Succession Plan
Finance ownership transitions when an existing owner is retiring or exiting.
Complete a Partner Buyout
Finance an eligible ownership buyout or restructuring.
Strengthen Working Capital
Support payroll, inventory, receivables, operating expenses, expansion, or growth.
Purchase Equipment
Finance tools, machinery, technology, and other essential business equipment.
Add Trucks & Fleet
Preserve operating cash while adding vehicles necessary for expansion.
Purchase Commercial Property
Finance qualifying owner-occupied real estate for the operating business.
Build or Renovate a Facility
Potential financing for eligible ground-up commercial construction or renovations.
Refinance Business Debt
Evaluate whether eligible existing business debt can be refinanced into a more appropriate structure.
Expand the Business
Add capacity, territories, locations, employees, equipment, or services.
Two Financing Paths for Different Business Needs
A $100,000 equipment or working-capital request should not necessarily be handled the same way as a $2 million business acquisition or commercial real estate transaction. Park Place helps determine which financing path may best fit the objective.
Financing for Major Acquisitions, Expansion & Real Estate
Longer-term SBA financing may provide qualified Home Service businesses with capital for major acquisitions, ownership transitions, commercial real estate, debt restructuring, working capital, and expansion.
- Business acquisitions
- Mergers & acquisitions
- Succession plans
- Partner buyouts
- Commercial building purchase
- Ground-up construction of an owner-occupied building
- Building renovation
- Eligible business debt refinance
- Working capital
- Equipment
- Business expansion
- Competitive bank financing may be available
- Flexible equity structures may be available depending on the transaction
- Working capital may potentially be incorporated into the financing
- Longer amortization may reduce monthly debt-service pressure compared with shorter-term financing
- Business acquisitions may potentially receive terms of up to approximately 10 years
- Qualifying commercial building financing may potentially receive amortization up to approximately 25 years
- Underwriting is generally focused heavily on business cash flow and the ability to service the proposed debt
All structures, equity requirements, rates, terms, collateral requirements, and approvals are subject to lender underwriting, SBA eligibility, and the specific transaction.
Review My SBA Financing OptionsSBA Express Financing Up to $350,000
For established Home Service businesses that need a smaller amount of capital, an SBA-backed Express option may provide a streamlined path for working capital, equipment, refinancing, acquisitions, marketing, and other qualifying business purposes.
Program features are subject to lender underwriting, current lender guidelines, SBA requirements, and applicant eligibility.
See If Express Financing May FitWhat Can Express Financing Be Used For?
Key Features of the Express Program
$10,000 – $350,000
Potential financing range.
Terms Up to 10 Years
Longer repayment can potentially improve monthly cash flow compared with very short-term business financing.
No Prepayment Penalties
Borrowers may pay the loan off early without a prepayment penalty under the referenced Express program.
No Hard Personal Credit Pull
Uses the approved lender process and qualification criteria.
No Personal Collateral Required
The referenced Express program indicates no personal collateral requirement, subject to final lender program terms and underwriting.
Digital Application
Streamlined online application process.
Streamlined Closing
Digital documentation and simplified closing process.
Is Express Financing a Potential Fit?
According to the currently provided lender program materials, preliminary guidelines include:
- Minimum 2 years in business
- Minimum FICO of 650
- Ability to demonstrate debt repayment capacity
- No bankruptcies within the previous 7 years
- Current on business debt
- Current on personal debt
These are preliminary lender-program guidelines and do not represent an approval. Credit decisions consider the complete borrower and business profile, and lender requirements may change.
Prepare Before You Apply
Having complete, current financial information can materially improve the efficiency of the financing review.
Potentially Requested Documents
- Three years of business tax returns
- Three years of personal tax returns when required
- Year-to-date income statement
- Current business balance sheet
- Business loan application
- Personal financial information when required
- Business debt schedule
- Acquisition documents when purchasing a business
- Commercial real estate information when property is involved
- Other transaction-specific documents
Potentially Requested Documents
- Application forms
- Most recent three months of business bank statements
- Last three years of filed business tax returns for the operating company
- Interim financial statements generally not more than 90 days old
- Business debt schedule
- Affiliate analysis where applicable
Additional documentation may be requested based on the business, ownership structure, use of proceeds, and lender underwriting.
A Streamlined Path to Capital
Capital Review
Tell Park Place what you're trying to accomplish and how much capital you estimate you need.
Financing Strategy
We review the business objective, financial profile, requested structure, and potential financing path.
Lender Underwriting
A participating lender reviews the complete application and makes the credit decision.
Closing & Funding
Once final conditions are satisfied, the lender completes closing and disbursement.
Your Business Cash Flow Matters
For established Home Service businesses, lenders typically evaluate whether historical and current cash flow can reasonably support the proposed debt. That can be especially important when financing an acquisition, expansion, ownership transition, or major working-capital request.
Looking to Buy an HVAC, Plumbing, Electrical or Home Service Company?
Business acquisition financing is one of Park Place's major focus areas. SBA financing may potentially allow a qualified buyer to acquire an established Home Service business while also addressing eligible equipment, working capital, ownership transition costs, and commercial real estate where applicable.
- HVAC companies
- Plumbing companies
- Electrical contractors
- Roofing businesses
- Restoration companies
- General contractors
- Landscaping companies
- Pool companies
- Pest-control companies
- Other established Home Service companies
Own the Property Your Business Operates From
Qualifying SBA financing may potentially support owner-occupied commercial building purchases, eligible ground-up construction, facility renovations, and expansion of an operating location.
Park Place may evaluate SBA 7(a), SBA 504, or conventional financing depending on the situation.
Explore Property FinancingKeep Growth From Creating a Cash-Flow Problem
Growth can consume cash before it produces cash. Adding technicians, trucks, equipment, inventory, marketing, and new territories can create significant upfront expenses even when the underlying business is healthy.
Specialized lender programs may be available through participating lending partners, including lenders with dedicated Service Contractor financing teams. All financing is subject to lender underwriting, SBA eligibility where applicable, and final approval. Park Place Business Capital is not a direct lender and does not make final credit decisions.
Home Service Financing Questions
Can SBA financing be used to buy an HVAC or plumbing company?
Can I finance working capital for my Home Service company?
Can financing include equipment and trucks?
Can I finance the commercial property used by my business?
What is the smaller Express financing option?
Is a 650 credit score an SBA requirement?
Does Park Place make the final credit decision?
Let's Build the Right Capital Strategy for Your Home Service Business
Tell us what you're looking to accomplish. We'll help you determine which financing paths may be worth exploring.
