If you work in construction, you know how unpredictable the business can be. One month, you might have so much work you don’t have the funds to hire enough workers; another, you might struggle to make payroll while you wait for payments to come in. Business loans for construction companies can help take care of these issues:
If the need is there, purchasing your equipment with financing can be more economical than renting or hiring subcontractors.
Hiring Extra Staff
If you suddenly land a big job, you don’t have time to slowly scale up — you need new employees as soon as possible. With financing, you can make sure you have the headcount to get the job done.
Financing gives you the flexibility to purchase materials such as lumber, drywall or paint while you wait to get paid.
Business Funding From The Business Backer
There are three products available through The Business Backer that can be used to cover many of a construction business’s financial needs.
From Application to Funding in 3 Easy Steps
- Apply online.
One of our experienced Funding Advisors will call you shortly.
- Receive a decision.
Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.
- Receive your funds.
Sign your contract and receive funds as soon as next business day, if approved.‡