Roof plumbers keep the weather out. Metal roofing, box gutters, eaves gutters, fascia, downpipes, flashings and rainwater systems on new homes, townhouses, sheds and small commercial buildings. It’s skilled work at height, and it comes with some serious costs before you ever get paid.
Custom length sheets can’t go back to the supplier, edge protection has to be on before you step on the roof, and builders often pay at lock up or later. Fast finance keeps the business running smoothly.
Why roof plumbers need fast finance
The main money pressures for roof plumbing businesses:
- Made to order materials. Roofing sheets, gutters and flashings are rolled or folded to length for each job and paid for early.
- Edge protection and access. Scaffold, edge protection and EWP hire are needed on most jobs and cost money every day.
- Builder payment timing. New home roofs are often paid in the lock up stage claim, which may be weeks after you finish.
- Insurance and storm work. After hail or wind storms, reroof work floods in, but insurers are slow to pay.
- Plant and machinery. A crane truck to lift sheets, a folder and guillotine for flashings, and reliable vehicles.
What roof plumbers use fast finance for
Materials for new homes and reroofs
Paying for sheeting and guttering on several jobs at once is a big outlay. Building materials finance is set up for supplier orders like this.
A folder, guillotine or crane truck
Bringing folding in house saves time and money on flashings. A crane truck means you’re not waiting on the supplier’s delivery. See equipment finance for tradies.
Insurance and storm work
A hail storm can bring months of reroofs in a single week. A cash flow loan for tradies funds the materials and extra crew while insurer payments come through.
Paying the ATO
A busy storm season or building boom often ends with a big BAS bill. A lump sum loan clears it in one go. See ATO debt loans for tradies.
A bigger commercial roof
A small warehouse or factory unit roof, with box gutters and large sheet runs, is a step up from houses. Finance lets you take it on.
Secured vs unsecured roof plumbing loans
Secured loans suit roof plumbers who own property with equity: a home, investment property, a factory unit 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. In Victoria a caveat loan is another option.
Unsecured loans suit roof plumbing businesses with an ABN, six months or more of trading and recent business bank statements. They’re 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: a hail storm and a full diary
Example only. A roof plumbing business in Toowoomba is swamped after a hail storm damages hundreds of roofs. It lines up 15 reroofs through insurers and builders, but the sheeting and guttering for the first batch is around $95,000, edge protection hire runs every day, and insurer payments take 30 to 60 days.
The owner has equity in an investment property. A fast second mortgage for $120,000 funds materials, hire and a second crew. As insurer payments land, the loan is repaid, and it’s cleared once the storm work winds down.
How fast can a roof plumber get funded?
Fill in our 60 second form. 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)
- Supplier quotes or machinery quotes
- Current job list, including insurance and builder work
Key facts
- Loan size: $20,000 to $5 million
- Security: property you or a guarantor own, or unsecured
- Speed: as little as 24 hours for some secured loans; hours for some unsecured
- Term: secured loans typically 1 to 12 months
- Suits: roof plumbers on new homes, reroofs, storm work and small commercial roofs
Keep the roofs going on
Don’t let made to order materials and slow payers hold you back. Start your application and we’ll tell you quickly if we can help.
