Facility Services
Business Funding for Restoration Services
Restoration companies respond to water, fire, mold, and storm damage emergencies, and the work must start immediately. You deploy equipment, crews, and materials before you know if the insurance company will approve the full scope. Insurance billing is complex, and payment can take 60 to 90 days or longer if supplemental claims are involved. The equipment investment is substantial because you need commercial dehumidifiers, air scrubbers, thermal cameras, and specialized vehicles that most contractors do not own.
Common Uses
What Restoration Services Use Funding For
- Purchase commercial dehumidifiers, air movers, air scrubbers, and moisture meters
- Cover payroll and materials on emergency jobs before insurance approval comes through
- Invest in IICRC-certified training for technicians in water, fire, and mold restoration
- Buy or outfit rapid-response vehicles with equipment storage and power generation
Funding Options
Best Funding Types for Restoration Services
Insurance Receivable Factoring
Factor your approved insurance claims and supplements to get paid within days. Restoration-specific factoring companies understand the Xactimate estimating process and can advance on approved scopes before the carrier issues payment.
Equipment Financing
Finance dehumidifiers, air scrubbers, containment systems, and extraction equipment. Restoration equipment is expensive but essential, and lenders familiar with the industry know these assets retain value.
Business Line of Credit
A revolving line covers the costs of deploying to emergency jobs before insurance payments arrive. You may have 5 to 10 active jobs at once, each at a different stage of insurance approval, and a credit line smooths out the cash flow.
What Lenders Look For
Qualification Notes for Restoration Services
Related Industries
Related Facility Services Funding
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