Plumbing / Sanitary Works Business Loans

Loan Overview

Plumber and sanitary works is a lucrative area. From time to time, households are bound to experience some form of difficulties with regards to their plumbing system. However, sometimes, the problems you’ll have to solve are far from simple. You will have to consider various water supply systems, install them, ensure their safety, and do regular maintenance if the customer requires it.

People will need your services whether they build a new home, want to change old piping, fix something that’s broken, do a remodel, or install a steam shower. Your help is essential to ensure that customers are happy enough to contact you constantly and to recommend you to their friends.

Whether your company offers residential, commercial plumbing or sanitary works, you need to consider the costs involved. This business is expensive because you’ll require high-end protective equipment and top materials. On top of that, you’ll have to constantly invest in research to find new high-tech solutions for your customers.

Most registered companies in Singapore are striving to be at the forefront by offering convenient and quality service. Thus, you’ll have to set your business apart from the competition to succeed. Some plumbing and sanitary companies offer a few courtesy follow-ups after installation, others offer cleaning services, while others work with interior designers.

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It’s essential to find your niche and cater to your audience’s most pressing needs. That’s what Mr James Ser realized before coming to us at SBL Singapore. Mr Ser was running a reliable Plumbing / Sanitary Works business. However, his profits were beginning to slowly droop, especially with COVID-19 hampering most of his business opportunities.

He personally got in touch with most of his customers. Subsequently, he found out they were having communication issues. Although Mr Ser’s team was replying to their messages as fast as possible, in the era of digitalization, people crave for instant replies.

With our financial assistance, Mr Ser invested in digitalizing his company. He invested in an app for instant messaging, initial assessment, material choice, and sizing. Some of his old customers were excited to take part in group interviews and try out the app.

Soon, Mr Ser got most of his clients back and managed to attract a new, young audience of working people. In the months after contacting us at SBL Singapore, Mr Ser’s profit doubled and is on an upward curve.

SBL Singapore can also help you reach your business goals with our affordable and easy to personalize Plumbing / Sanitary Works Business Loans. These loans will help you cover expenses such as:

  • Licenses and permits
  • Insurance (liability insurance, bond, workers’ compensation)
  • Cleaning equipment and products
  • Advertising
  • Labour
  • Franchises
  • Suppliers
  • Inventory
  • Transportation fees

Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the Plumbing / Sanitary works industry. We also gather mentors in the plumbing and electrical service sectors 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 an Escalator Contractors / Repairs 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.

Loan Details
  • Max Loan Amount$1,000,000
  • Min Years to Qualify0.5
  • Min. Annual Turnover< $100,000