Construction Financing

Financing for your construction company isn’t always easy to come by. Read on to learn about what options are open to you when you need access to capital.

Amount:

$25,000 – $500,000

Term:

1 – 5 Years

Amount:

$5,000 – $300,000

Term:

4 – 24 Months

Amount:

$5,000 – $100,000

Term:

1 – 2 Years

Amount:

Up to $250,000

Amount:

Up to $200,000

Term:

1 – 12 Months

Actual offers vary based on your application information and lender.

Apply for Funding

How Construction Business Loans Can Help You

If you’re the owner of a construction firm, 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. Loans for construction companies can help take care of these issues:

Purchase Equipment

If the need is there, purchasing your equipment with a loan can be more economical than renting or hiring subcontractors.

Hire 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.

Working Capital

Payment delays are a fact of life in construction, but your expenses won’t wait on your funds. Financing can give you the extra cash you need to keep things running smoothly until you get paid.

Who Can Use Construction Financing?

Any construction company can make use of financing in the right circumstances, whether it’s keeping the business properly funded or gearing up for expansion. We at The Business Backer have found that some fields find this extra capital especially useful. These include:

New home construction

Remodeling

Plumbing

Electrical services

Roofing

Heavy and civil engineering

How Can The Business Backer Help Me?

The Business Backer has been helping businesses get access to the capital they need since 2007, funding more than $375 million to more than 11,000 companies. In addition to our core products, our True Relationship NetworkTM allows us to connect businesses with alternative lending sources, even when ours aren’t a good fit. Our dedicated Funding Advisors work directly with each client to understand their specific needs, matching each business with the funding source that’s right for them.