Funding for IT Services & MSPs
Monthly recurring revenue gives underwriters exactly the predictability they want, and a line of credit covers hardware buys and hiring between project milestones.
An MSP's books tell two stories at once. The managed-services side is a metronome — monthly contracts, predictable billing, low churn. The project side is feast and famine: a client rollout means fronting five or six figures of hardware and licenses, hiring or contracting engineers before the SOW is countersigned, then invoicing milestones an enterprise AP department will process at its leisure. Banks see no trucks or buildings and lose interest. Broadway underwrites the deposits themselves: one short form, three months of bank statements, soft credit pull, same-day decision, funding in as little as 24 hours.
The challenge
Recurring revenue is steady but project work is lumpy: hardware gets fronted for client rollouts, engineers get hired before contracts sign, and enterprise clients pay on net-30 or worse.
How Broadway Advance helps
Monthly recurring revenue gives underwriters exactly the predictability they want, and a line of credit covers hardware buys and hiring between project milestones.
What owners use it for
- Front hardware and licenses for client deployments
- Hire engineers and help-desk staff ahead of new contracts
- Bridge milestone invoices from enterprise clients
- Acquire another MSP or a book of clients
- Fund certifications, tooling, and security stack upgrades
- Smooth cash flow between project payments
See your real number in about five minutes.
Apply nowFunding options that fit it services & msps
Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Term Loan
The lowest rates and longest terms, with predictable monthly payments.
Up to $5,000,000 →Merchant Cash Advance
Immediate cash today in exchange for a small slice of future sales.
Up to $2,000,000 →IT Services & MSPs funding questions
We have no physical assets to speak of — can we still get meaningful funding?
Yes. Most of what we do for service firms is underwritten on cash flow, not collateral — three months of bank statements is the core of the file, and an MSP's recurring billing reads beautifully to an underwriter. Lines of credit, advances, and term loans are all on the table without pledging hardware you do not own anyway. If you carry receivables from enterprise clients, those can secure asset-based pricing too. One form, soft pull, same-day answer.
Can Broadway fund the acquisition of another MSP's client book?
Yes — book-of-business acquisitions are a natural fit for a term loan, up to $5M on 3, 5, or 7-year terms, with the best rates going to buyers with good credit. The acquired contracts come with their own revenue history, which strengthens the file beyond your existing statements. Recurring-revenue acquisitions are among the cleaner deals to underwrite because the income being purchased is documented and predictable. Bring both sides' numbers and we will structure it.
A client rollout requires us to front six figures of hardware — what's the right tool?
A line of credit, in most cases: draw to purchase the hardware, invoice the milestone, repay on receipt, and the line resets for the next rollout — interest only on what you draw, while it is out. If the SOW is signed, the contract strengthens the file. For a one-off crunch with a deadline, an advance funds in as little as 24 hours. What you should not do is float six figures on credit cards at compounding interest; we will price the alternatives same-day.