Money Matters: How Your Roofing Business May Be Able To Secure Financial Assistance (Updated 2021)

Are you looking for financial assistance for your roofing business in 2021? If so, you understand the past 12 months have been difficult. You may have been interested in the Paycheck Protection Program (PPP), which was rolled out last year. Unfortunately, many of these benefits are beginning to dry up. Therefore, you may be looking for other opportunities. Even though this program may have closed, there are other sources of funding you should explore. What are a few possible options of funding for your business? 

Check Out Government Grant Opportunities

The first place you should look is the government. Even though the Paycheck Protection Program has ended, there are still plenty of other opportunities available. If you visit the grants webpage, you will instantly see a lot of options; however, you have to take a look at programs that you actually qualify for. A few possible options include: 

• The USDA Rural Business Enterprise Grant Program: This is a program that offers technical assistance and training to businesses that have fewer than 50 workers and less than $1 million in gross revenue. In addition, your business also has to be located in a rural area. 
• The US Small Business Administration State Trade Expansion Program: This is another program that should be good for your business. This is intended to assist small businesses looking to export products. This is a program that distributes its funds through state entities. If you meet criteria that have been set by your state, you may be able to obtain financial assistance that can help you participate in trade shows. 
• The US Economic Development Administration: This is a branch of the United States Department of Commerce that offers ongoing funding to projects that support regional economic development. Because the grant specifically targets construction businesses, this could be an opportunity for your roofing company. 

These are just a few of the many opportunities that are available to your roofing business. Be sure to take a look at a few ways you can save money as well. 

How Roofing Companies Can Save Money

There are a few ways your roofing company might be able to save money. These include:

• Buy Materials in Bulk: The first thing you should do is buy your materials in bulk. If you buy in bulk, you can save a lot of money on each individual piece.
• Use a Computer Program: You should use a computer program that can take a look at your historical data and predict the amount of product you need for each job. That way, you don’t run out of materials and you don’t bring more than you need. 
• Target Your Waste: Finally, you should also refine your waste calculations. Take the time now and figure out how much waste goes into each job. Then, correct your estimates and reduce your waste.

If you put these tips to use for you, you may be able to reduce your overhead expenses and save money. 

Rely on Roofing Direct for the Best Roofing Materials

Even though the past 12 months have been difficult for those in the roofing industry, there are still opportunities for you to save money and grow your business. At Roofing Direct, it would be our pleasure to help you find the best tools for the job. Take a look at our selection today, and contact us with any questions and concerns!