Ensure Smooth Operations in Your Landscaping Business with Direct Lenders Funding
- November 17, 2022
The operations of landscaping businesses and those of the construction industry are similar in many ways and also converge at certain points.
The use of heavy-duty equipment that has high maintenance costs for the delivery of project-based work is an essential part of both industries.
It must also be noted that landscaping and construction projects essentially complement each other. Wherever there is construction, it is likely to be followed by landscaping.
Also, just like in the construction industry, the actual work on the site is executed by smaller contractor firms that find it difficult to get funding from traditional lenders.
Finally, the payment timelines in the landscaping industry are long just like they are in the construction industry. This becomes a significant challenge for most landscaping businesses to overcome.
Of course, there are also notable differences between the operations of small landscaping firms and their counterparts in the construction industry.
The most significant difference is that it is not easy to anticipate the progress of a landscaping project and its dimensions because of the creative design element involved in it.
Oftentimes, what was not part of a project up to 40-50% of its implementation gets added to the project at some point. That can create problems in implementation but with direct funding, this can be managed without difficulty.
Tackle Disruptions in Meeting High Overheads
Nobody would know better than you about the high cost of implementing a landscaping project and the challenges it poses.
One of the main challenges is to be able to move seamlessly to the next project in the order book after completing one.
The cost of operations in a landscaping project is particularly high because of high wages for skilled labor along with the high cost of heavy-duty equipment.
You know very well that it is important to have enough projects in your order book to sustain year-long operations and also grow fast enough to achieve your business objectives.
However, at the end of a project, your landscaping firm’s cash flow almost dries out and it’s very difficult to start work on the next project in that situation.
Manage Long Payment Timelines with Fast and Easy Funding
The payment timelines in the landscaping industry can be as long as 2-3 months which is enough to upset your cash flow.
Ideally, you won’t like any gap in time between the completion of a project till the time you start work on a new one.
Your overheads cannot wait that long and this is when you need to make a funding application for easy and quick access to credit.
You will need that to help you bridge the gap between the end of one project and the start of another caused by the long payment timelines.
Get Fast and Easy Access to Credit for Your Business
Just as it is difficult for small construction businesses to get credit from traditional lenders, the landscaping industry to faces a similar barrier.
However, when you approach a top lender with a nationwide reputation like Direct Lenders Funding, your chances of getting the funds are much higher.