Pool Construction Company Funding
The swimming pool construction industry in the U.S. has grown by 2.4% annually since 2017, according to IBIS World. Capitalize on this growth and expand your pool construction business with up to $500,000 in funding from NextGen Capital—available in as little as 24 hours.
Fast, Easy Pool Construction Company Funding
The growing demand for luxury home amenities and private pools, especially since the COVID-19 pandemic, has fueled the expansion of pool construction companies.
However, the Small Business Administration and commercial banks often classify pool construction as a “high-risk” industry due to high capital costs, extended payback periods, and the fluctuating nature of construction. This makes securing financing from traditional lenders challenging, potentially causing missed opportunities for growth.
With a streamlined online application, rapid approval process, and flexible funding criteria, NextGen Capital can approve more pool construction company funding than traditional lenders. We also provide funding faster, with deposits available in as little as one business day. Our financing solutions range from $3,000 to $500,000, with no restrictions on how funds can be used. We support all types of pool construction businesses, including residential pool builders, commercial projects, community developments, and more.
Pool Construction Company Funding Solutions
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 Pool Construction Company Funding
There are no restrictions in place on how you can use your funds. Pool Construction Company Funding is ideal for supporting your business’ revenue, furthering your commitment to the community, and helping more patients. Use your funding to:
- Develop or enhance services
- Purchase necessary equipment and devices that help patients communicate with caregivers
- Hire and train staff to provide high-quality care
- Expand your geographic reach by increasing your marketing efforts
- Hiring additional personnel in new areas of operation
- Obtain proper licenses and certifications
- Develop an online booking system for your services that can be accessed at any time
Will You Qualify for Pool Construction Company Funding?
Exact qualification requirements depend on the type of pool construction company funding you are seeking. Approval for pool construction company funding from NextGen Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Pool Construction Company Funding Works:
Pool Construction Company Funding Q&A
Where can I get funding for my pool construction company?
You can secure funding from traditional lenders such as the SBA or banks, as well as from alternative lenders like NextGen Capital. Alternative lenders offer more flexible approval requirements, considering the overall health and potential of your business—not just your credit score. We also provide revenue-based financing options, including merchant cash advances, which are ideal for businesses with lower credit scores. Contact one of our Funding Advisors to learn more.
Most traditional banks classify pool construction as a high-risk industry due to factors like high capital costs, long repayment periods, and market fluctuations. As a result, securing financing from traditional lenders can be challenging. At NextGen Capital, we have different approval requirements and specialize in funding high-risk industries, providing businesses with the capital needed for project expenses, labor, materials, and more—often in less than 24 hours.
No, there are no restrictions. You can use your funding for any business-related expenses, including equipment purchases, staffing, marketing, or expansion efforts.
We have a simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
A merchant cash advance is one of our most popular funding options, but we offer several other financing solutions. Our experienced Funding Advisors can help you explore the best option for your business needs.
