Small Business Loans & Funding Solutions to Fuel America's Service Industry Businesses

The growth of the service industry in the past two decades has prompted a number of questions about this sector of the American economy and the reasons for this trend. Some questions about the growth of the service industry include: What is the service industry and what types of businesses operate in it? What are the trends in growth for the service industry and the reasons underlying its growth? How is the service sector affected by recessions and economic down-swings? What are the human resources issues associated with the service industry? How is offshoring affecting American service jobs? What is expected in the future for the service industry?

Small businesses hearken back to a time when the American Dream was alive and well, fueled not by plastic products from China, but by honest, dedicated work. There are still people that conform to these ideals, and these people make up the basis of America's small businesses. Innovative ideas from a number of different catchment areas means that you can open up a business dealing with almost any type of good or service. Throughout America's main streets are new manufacturers, coffee houses, barbershops, craft breweries, bike shops, boutiques, bars, restaurants, entertainment centers, etc. These businesses are what fuel America's growth and help it to withstand times of economic uncertainty. By keeping true to the values that business owners before them have espoused, these local small business owners serve as the platform that supports the American economy. CLICK HERE FOR FULL ARTICLE

In the U.S. economy, jobs can be categorized into sectors, which can then be split into divisions, each of which include various industries. There are two major sectors in the U.S. economy, as identified by the U.S. Standard Industry Classification System: the goods-producing sector and the service-producing sector. The goods-producing sector includes agriculture, forestry, and fishing; mining; construction; and manufacturing. The service-producing sector includes the divisions of (1) transportation, communications, and utilities; (2)wholesale trade; (3) retail trade; (4) finance, insurance, and real estate; (5) public administration; and (6) services. This sixth group—the services division—includes a number of industries. Here are a few service industries to mention and we provide financing for:

  • Accounting Services
  • Message Therapist
  • Advertising Services
  • Moving Services
  • Auto Services
  • Painting Services
  • Building Services
  • Personal-Care Services
  • Boat Services
  • Personal Chef
  • Bridal Services
  • Pest Control Services
  • Business Services
  • Pet-Care Services
  • Car Rental Agencies
  • Photography Services
  • Catering Services
  • Plant Maintenance Services
  • Children’s Services
  • Plumbing Services
  • Pool Services
  • Cleaning Services
  • Postal & Business Centers
  • Printing Services
  • Contractor Services
  • Property Inspection
  • Copywriting & Proof Services
  • Property Management Services
  • Cover Letter/Resume Services
  • Publishing Services
  • Dating Services
  • Real Estate Services
  • Decorating Services
  • Recreational Services
  • Designing Services
  • Referral Services
  • Remodeling/Renovation Services
  • Dry Cleaning & Laundry Services
  • Repair Services
  • Dry Cleaning Delivery
  • Security Services
  • Editorial Services
  • Senior Care Services
  • Educational Services
  • Shipping Services
  • Electrical Services
  • Shoe Repair
  • Employment Services
  • Sign Stores
  • Environmental Services
  • Staffing Services
  • Errand Services
  • Tanning Services & Tanning Salons
  • Event Planning
  • Tax Services
  • Eye-Care Centers
  • Tech Services
  • Travel Agencies
  • Fitness Centers
  • Training Businesses
  • Hair Salons
  • Tutoring Services
  • Handyman Services
  • Videotaping Services
  • Health-Care Services
  • Web-Site Services
  • Home-Improvement Services
  • Wedding Services
  • Lawn Care & Landscaping
  • Weight-Control Centers
  • Limousine Services
  • Miscellaneous Services
  • Maintenance Services

The service sector is difficult to define and to encompass. There are a number of ways to identify the sector, its divisions, its industries, and the types of jobs within them. The general category of the service division includes a wide variety of industries, but can be categorized into primarily consumer-oriented (providing a service directly to a consumer), primarily business-oriented (providing a service directly to another business) or mixed (providing services to both businesses and individual consumers).

Alternately, the services division activities can be described by their economic activities as physical, intellectual, aesthetic, and other experiential activities. Physical activities involve working with objects; examples include repairing cars, landscaping, cutting hair, or preparing a meal. Intellectual activities involve providing education or training, such as at a university or trade school. The aesthetic activities entail providing consumers with artistic or visual experiences; museums, theater performances, art shows, and musical performances are examples. Finally, other experiential activities involve providing customers with recreation, such as in amusement and theme parks, zoos, or campgrounds.

A final way in which to categorize services is by what is transformed through the service. A service may transform a physical object, which occurs when something is repaired, altered, or improved. Having an article of clothing custom-made, a room remodeled, or an appliance repaired would involve transforming a physical object. Service division jobs may also change a consumer. Examples of changes to consumers are education, whereby the consumer learns knowledge or skills; health care, in which a person's health is improved; or personal services, such as when a hairstylist cuts a consumer's hair. A change to an organization is a third type of transformation involved in the service industry. For instance, a management consulting firm may make changes to an organization's structure or business processes to improve it. The final set of jobs in this categorization captures those professions in which there is no apparent object. For example, when an attorney provides legal representation to a client, or in professional sports competitions a service is provided, even though no specific object can be identified.

Securing capital is something that comes in time with virtually every business, whether it's in the initial exhilarating stages of transforming an idea into a company or later on, once operations begin to normalize. Generating the amount of liquid cash necessary to scale appropriately, build inventory, or expand marketing efforts can be a challenge for businesses of any size, making additional cash flow a significant benefit.

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Remember the old days, where you'd walk into your bank and walk out with a small business loan? Well, keep them in memory because that sure doesn't exist today. Securing capital can be what it takes to motivate growth and truly seize the proverbial day. But what type of capital is available today and what type of loan makes sense for your particular business?

  • ACH Small Business Loans - For starters, an ACH small business loan can also be referred to as a small business cash flow loan, small business revenue based loan or a small business merchant cash advance. The ACH designation really applies to how the lender is paid. ACH or Automated Clearing House, refers to the lenders ability to withdraw an agreed upon amount directly from your checking account at agreed upon intervals, typically daily or weekly. LEARN MORE
  • Business Cash Flow Loans - Type of debt financing, generally for working capital, using the expected cash flows that a borrowing company generates as collateral for the loan. You’re essentially borrowing from cash that you expect to receive in the future by giving the lender the rights to a predetermined amount of these receivables. Get up to $2 Million in as little as 24 hours, regardless of credit! LEARN MORE
  • Business Line of Credit - A small business line of credit provides flexibility that a regular business loan doesn’t. With a small business line of credit, you can borrow up to $100,000 and pay interest only on the money borrowed. You then draw and repay funds as you wish, as long as you don’t exceed your credit limit. Need to manage cash flow? Buy inventory? Pay for a surprise expense? Then a business line of credit makes sense. LEARN MORE
  • Revenue Based Financing - Today’s business owner is constantly on the lookout for growth opportunities and must move quickly to take advantage of them. An opportunity for an acquisition or expansion can arise suddenly and needs an immediate response and immediate cash. There’s also the need to purchase equipment or inventory. And of course, there will always be emergencies and cash flow gaps that need to be quickly managed with working capital. That’s why revenue based loans & cash flow loans from LVRG are the fastest growing working capital solutions among small and medium-sized businesses. They’re the most prudent option for business owners needing capital to fuel or accelerate their businesses’ growth. LEARN MORE
  • Working Capital Loans - At any stage of growth, fast, flexible funding is essential to the continued success of your small business. Our working capital loans feature 6 to 18 month terms and fixed payment options to accommodate your specific needs, so you can focus on what you do best, running and building your business. LEARN MORE

If you own a service industry business, we'd love to help you grow. Call (855) 998-LVRG or click below to get started!