TRADE LOANS FOR PLUMBERS

"Trade loans are a fantastic way to build and grow your plumbing business."

With the help of a trade loan, you can invest in much-needed equipment from tools up to your trusty van! A trade loan will make it so that you can begin working to the best of your ability right away.

With a brand new Ford transit costing between £20,000-£30,000 and a fully kitted toolbag potentially costing up to £2000, you can see the importance of financial help when starting your plumbing business. Of course, you do not have to spend this much to begin your new trade but even keeping it cheap you could still expect to spend around £10,000 when taking into account your van, tools and local advertising.

As well as start-ups, business loans are perfect for plumbers who are looking to expand their business. The loan could pay for extra tools and equipment or new higher-quality ones. You are not limited to tools and vans, as the additional finances could help to pay for an office, advertisements or even a new employee.

The top lenders offer loans from £1000 up to £500,000 with the loan terms ranging from 1 to 120 months. 

With an average income of £30,000 a year for a self-employed plumber, with this figure rising beyond £40,000 for plumbers who offer more specialist services, it makes perfect sense to take out a loan.

Painters and Decorators in the UK can expect to earn between £23,000 and £32,000 a year, meaning a start-up loan can quickly be paid off in no time once you’re earning.

Upvc window and door installers earn on average £40,000. Adrian from Wythall Window Services, a quality window and door installer in Birmingham, told us “I took out a business shortly after starting my company which helped us grow from a small company to one of the best in the area. 

We spoke to Pat of West London Plumbers in London had this to say “Taking out a small business loan allowed my business to grow and compete with others in the area.” and added, “Without a loan having my own business wouldn’t have been possible.

industry decorators london

Painters and Decorators in the UK can expect to earn between £23,000 and £32,000 a year, meaning a start-up loan can quickly be paid off in no time once you’re earning. 
Our friend Fred from Industry Decorators in London told us “Without the loan, I took, I would never have been able to start my own business.

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Loan Specialists by 1st4uloans.co.uk