Construction Loans

Construction Loans

Construction Industry Loans

Don’t let common challenges of the construction industry like competition, hiring, cash flow, and equipment repairs stand in the way of your business’s growth. The right construction business loan can help you increase revenue, attract new customers, and retain the customers you already have.

Business Lines of Credit

Working capital is one of the most common challenges we hear cited by the general contractors and construction business owners we work with. A business line of credit can be the ideal solution for construction companies because of its flexibility. You have to roll with the punches on a daily basis, and a business line of credit works the same way. A line of credit allows you to borrow from a set amount of funds. You can dip into it as much and as often as you’d like, and you only pay interest on what you use. This flexibility allows construction companies to keep a safety net to finance working capital needs one month and a larger project the next.

SBA Loans

SBA loans have fantastic rates and robust loan amounts. Because of their larger requirements and competition, SBA loans will only be an option for established construction businesses.

Short Term Loans

When you need access to cash and you need it quick, a short term loan will get you out of a jam. Short term loans are best for construction companies when urgency is key. You can often access funds in as little as 48 hours. The convenience of speedy capital frequently comes with a premium on your repayment rates, so be prepared to repay your short term loan over a shorter term than other loans.

Apply for a Construction Loans

Avoid a mountain of paperwork and the needless delays of the bank loan process. Apply for a construction loan using our smart 15-minute application, and you can start comparing loan offers from us.