Building a pool is a big job packed into a small backyard. There’s excavation, often in tight access, spoil removal, steel fixing, plumbing, concrete spraying or a shell drop, coping, tiling, equipment, fencing and landscaping. And almost all of it hits the pool builder’s account before the client’s final payment.
Stage payments help, but they rarely line up with when the costs land. Fast finance smooths out the bumps.
Why pool builders need fast finance
The cash flow pressures in pool building are big and front loaded:
- Excavation and spoil. Digging, rock breaking and spoil disposal are costly, and you don’t know what’s under the lawn until you dig.
- Shell costs. Concrete spraying or a fibreglass shell is one of the largest single costs on the job, often needed before the next stage payment.
- Staged client payments. Payments are tied to stages like excavation, shell and completion. Weather delays, council inspections or a client dragging their feet on a final choice can push them back.
- Equipment and finishes. Pumps, filtration, heating, lighting, coping and tiles are ordered well ahead.
- Seasonal swings. Spring and summer are flat out; winter is quiet but the overheads don’t stop.
What pool builders use fast finance for
Covering costs between stage payments
When excavation and shell costs are due before the stage payment clears, a loan bridges the gap. Progress payment gap finance is designed for exactly this.
Plant and trucks
Pool builders often run their own mini excavators, tippers and trucks to control the dig. A fast loan can buy them outright. See equipment finance for tradies.
Shell stock and equipment
Fibreglass installers can fund a few shells ahead of the season, and concrete builders can bulk buy equipment and finishes.
Paying the ATO
A strong summer can leave a big BAS bill for the quieter months. A lump sum loan clears it without starving the business in winter. See ATO debt loans for tradies.
Taking on bigger jobs
A pool, cabana and landscaping package, or a run of pools for a builder’s display homes, can be larger than your usual job. Finance lets you say yes.
Secured or unsecured finance for pool builders
Secured loans suit pool builders who own property with equity: their home, an investment property, a yard or land. A fast second mortgage, fast first mortgage or bridging loan can fund in as little as 24 hours in some cases. No financials are needed, bad credit is considered, and terms typically run 1 to 12 months. A caveat loan is available in Victoria.
Unsecured loans suit pool businesses with an ABN, at least six months of trading and recent business bank statements. The loan is sized to turnover, and some are approved and funded within hours.
Loans are for business purposes. Every loan is priced on your circumstances, and our lending team finds the sharpest rate available for your situation.
Example: rock on the dig and three jobs starting
Example only. A concrete pool builder on the Sunshine Coast has three pools starting in the same month. On the first dig, the crew hits rock, adding rock breaking and extra spoil disposal. At the same time, steel and spraying are due on the other two jobs before their stage payments come in. The total shortfall is around $85,000.
The owner has equity in an investment property. A fast second mortgage for $100,000 covers the costs across all three jobs. As each stage payment arrives, the loan is paid down, and it’s cleared once the pools reach completion.
How fast can a pool builder get finance?
Our form takes about 60 seconds. A lending specialist calls you back to go through options. Some unsecured loans are funded within hours. Secured loans can fund in as little as 24 hours in some cases, and typically within a few days once valuation and documents are in.
What to have ready
- ABN and business details
- Recent business bank statements (unsecured)
- Property details and what’s owing (secured)
- Current contracts and stage payment schedule
- Quotes for shells, equipment or plant
Key facts
- Loan size: $20,000 to $5 million
- Security: property you or a guarantor own, or unsecured
- Speed: hours for some unsecured loans; as little as 24 hours for some secured loans
- Term: secured loans typically 1 to 12 months
- Suits: concrete and fibreglass pool builders and installers
Keep every pool on schedule
Don’t let a rocky dig or a late stage payment hold up the season. Start your application and we’ll tell you quickly if we can help.
