Singaporeans have hectic lives and working adults typically spend long hours at the office. Most people want to relax and unwind in their spare time, either with a good book, going to the gym or simply spend quality time with their families. Some more ambitious people aim to do all of the above. As Singaporeans are unwilling to dedicate precious time to house cleaning, a market for home cleaning or house cleaning services is generated.
If you have a home cleaning service, you would understand the potential of this niche. However, making a name for yourself in this industry can be difficult, especially if you’re new. There are already veterans such as NTUC Domestic Cleaning Service or Helping in the market. To grow your market share in the house cleaning services industry, you will either have to start with competitive prices, aka very affordable, or with a good marketing campaign that brings you quick notoriety, starting from the de facto assumption that your services are top quality.
These things don’t guarantee instant success, but they will get you there. In cases like these, business loans are considered good debts they help you and your business in the long run.
If you already have a home cleaning service business, you might be considering getting more capital for equipment, supplies, rental, employment salaries and marketing campaigns. Generally, funds of at lest $5,000 will be needed to do the bare-minimum. Sing Business Loans’ Home Cleaning / House Cleaning Services Business Loan will be able to help you better your business and unleash its potential.
Mrs Jennifer Chua was one of the business owners SBL helped. We provided her an affordable business loan when whe came to us at SBL Singapore a year ago because she needed to revitalize her business. Mrs Chua had a small team of five, and she didn’t see a return on investment as big as she would have liked.
She used our loan to hire a good marketing team that did a thorough analysis taking into account her goals and her perspectives on life to decide the audience she should have targeted. The marketing team identified the key concerns and areas of interests. Mrs Chua then decided to rebrand her company as a business that uses only organic and eco-friendly equipment.
Now, Mrs Chua has tripled her employees and she is constantly gaining new customers, but she is also happy that she can leave her mark on the environment.
SBL Singapore can also help you with our personalized Home Cleaning / House Cleaning Services Business Loans, so you can cover expenses such as:
- Licenses and permits
- Insurance (liability insurance, bond, workers’ compensation)
- Cleaning equipment and products
- Transportation fees
- Rental fees
- Marketing and design costs
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the Home Cleaning / House Cleaning Services Business industry. We also gather mentors in the hotel and tourism sector through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With a Home Cleaning / House Cleaning Services Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
Max Loan Amount$1,000,000
Min Years to Qualify0.5
Min. Annual Turnover< $100,000