How to get Cleaning Service Business Loans

How to Get a Cleaning Service Business Loan?


It is said that cleanliness is next to godliness, and indeed, there are many benefits to keeping living spaces sanitized and free of clutter. Not only is it an important part of maintaining good health, but it can help to minimize stress and infer a measure of social approval.

Unfortunately, the busy modern lifestyle can make keeping up with dusting, sweeping, scrubbing, and other chores nearly impossible. This is why cleaning services are so popular.

The more time people spend at work, the less time they have for never-ending cleaning tasks. Plenty of people would rather pay a professional cleaning crew than give up their precious free time to vacuum and scrub toilets.

Cleaning Service Overview

In other words, the demand for cleaning services is high. With careful planning and market research, you can launch your own service and get to work. Of course, you may need a housekeeping and maintenance services loan to get started.

Why do you need outside funding to start a cleaning service? 

What types of loans are available and which are right for you? Here are a few things you need to know in order to make the best choices for your company.

The Importance of Funding for Cleaning Service Companies

Before you start looking into options for loans for cleaning services, you need to understand why proper funding is so important. Even if you run your business out of your house, there will be overhead you need to account for from day one and here are a few reasons.


Residential housekeeping services usually get paid by the job, which means there could be some delay in cash flow.

Although commercial janitorial services may work on contract, you still have to get your staff together before you start taking jobs, and this may mean paying salaries.

The right loan can ensure you have enough money in your accounts to cover the labor portion of your equation prior to launching your business — or alternately, to hire on more help as you expand!

Equipment and Supplies

The cleaning business requires a fair amount of equipment and supplies, from work vehicles to vacuums to cleaning supplies like brooms, mops, buckets, rags, an assortment of solvents and small business loans can help you stock up on all your supplies and equipment incase you run out or things break. You’ll not only have to make considerable purchases when you’re starting out but you’ll also likely have a number of ongoing expenses in this category over time.

Business Insurance

Your housekeeping or janitorial business loan can cover a range of initial expenses, including business insurance.

Like most businesses, you’ll need general liability insurance, just in case a worker spills bleach on the carpet, a marble countertop is scratched, or someone slips on a newly-waxed floor.

You’ll also need workers’ compensation to cover on-the-job injuries or illnesses. Since workers will likely be using company vehicles, you’ll also have to cover auto insurance. All of these costs can quickly add up.

Different Types of Cleaning Services Business Loans

When most people need a loan, their first instinct is to go to a bank. However, there are several types of cleaning service loans that may work best for your specific needs.

Traditional Bank Loan

A business loan can be a great way to get the capital you need to start your business, survive a lull, or expand. Oftentimes, such loans infer desirable terms like high capital and low-interest rates.

Unfortunately, small businesses, especially ones that are not yet established, may have trouble securing funding without some kind of personal collateral. This option is usually best for proven businesses looking to grow. They’re not ideal if you need money now.

SBA Loan

The Small Business Administration (SBA) supports a variety of loan types for different small business ventures by guaranteeing a portion of the loan, thereby reducing the risk for lenders.

If you have a detailed business plan, a good personal credit score/history, and a strong resume to support your business venture, you could be a perfect candidate for a janitorial business loan through the SBA.

Business Line of Credit

A business line of credit is a little more appealing than standard bank loans because of the flexibility it offers.

Once approved, the money is made available. You only draw what you need as you need it. You only pay interest on what you draw, although the interest will vary based on when you make withdrawals.

The downside is that the interest could be higher (and more erratic) than other loan types.

Short-Term Business Loans

Traditional loans could have terms ranging from five, ten, or twenty years or more. Short-term loans tend to be smaller. They usually require repayment within a range of about three months up to two or three years. The process is usually faster and less restrictive requiring minimal paper work, but the interest and fees can be higher, so make sure you understand the terms upfront. a benefit of this type of loan the borrower can apply online in minutes and get their capital within days.


This is an interesting and modern option for limited cleaning janitorial business financing. It’s really only useful if you only need a small amount of capital and you don’t necessarily have a better way to get it. In some cases, simply using a credit card may be easier.

Equipment Financing

As a new business with no established credit, this type of loan offers an attractive opportunity. It can help you to purchase the necessary equipment such as High performance vacuums, to launch your business at reasonable rates, without the same requirements for approval that accompany more traditional loans.

Other Options

In addition to these cleaning services business loans, there are a couple of other options to explore. First, you’ll probably want to have a business credit card. This isn’t ideal, as loan types go, but it is convenient for small, frequent purchases like supplies.

You might not think of credit card purchases as a loan, but make no mistake, you are borrowing money with interest (fairly high interest, at that).

As long as you pay the balance off in full each month, you’ll never pay more than sticker price for your purchases, so use this option sparingly.

You can also take out a personal loan, but there are a couple of reasons why this should be a last resort.

First and foremost, it entangles your personal and business finances, and this can prove complicated when it comes to filing taxes. It could also create financial liability you’d rather avoid.

In addition, a business failure could impact your personal credit rating. If you can get a business loan of some type, you’re better off keeping your personal and professional spheres separate.

With several options to explore, you should be able to find the janitorial or maid services business loans that best suit your particular needs.

If you’re ready to start applying for the funding to launch or expand your cleaning service company, check out the easy application process at Upwise Capital today.

Documents You'll Need to Apply

  • Completed Application
  • Driver’s License
  • Voided Business Check
  • Business Bank Statements (Last 6 Months)
  • Credit Score

You may also be requested to provide the following for larger dollar amounts over $100K:

  • Balance sheet
  • Profit & Loss Statements
  • Business Tax Returns
  • Personal Tax Returns
  • Account Receivables Report (if securing AR)
  • Inventory List (if securing inventory)

At Upwise we offer a variety of funding programs to fund your cleaning business.  Our financing team is here to assist you with every step of the way to secure whatever equipment is needed to help your business grow.  If you have any questions regarding how any program works, please call our team at 77-55-UPWISE or email [email protected].  You can also apply online using our electronic application

So…What do you think? 

We want to hear from you.  What do you think of this article and was it helpful in your search for cleaning loans? 

Let us know by leaving a reply below.   Feel free to share this article on your social media. 


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