Construction Industry Financing Solutions

The answer depends on the type of loan you want. Asset-based loans let you access a percentage of that asset’s value. SBA loans are based on your revenue and time in business. Unsecured loans are based on your credit score. How much you can borrow is dependent on several factors. Your broker can answer any questions you have about securing working capital for your business.

Working capital loans are designed to offer short-term solutions and aren’t suited to making real estate purchases, large investments or solving mid to long-term cash flow challenges. If you have real estate or construction needs, a more specialized loan would be a better option. Ask your broker to match you with the right loan for your unique needs.

There are a few ways to determine if you have the working capital you need. One is the working capital ratio, which is your current liquid assets divided by your liabilities. A ratio of 1 or less means you could be in trouble. For more tools to assess your working capital needs, speak with our brokers.

Business loans are a form of commercial financing that provides you with the working capital necessary to cover the costs of running and expanding your business. You can access a variety of business loans, all offering customizable terms and payment options tailored to your specific needs. From covering daily operations to facilitating expansion, our loans are designed to support the growth of your business.

Submit your application, and one of our financing specialists will promptly reach out to begin crafting the best financing package for your business needs. Once approved, you’ll be presented with various options to choose from, each differing in amount, terms, and repayment schedules.

Select your preferred loan package and receive a lump sum of cash in as little as 24 hours.

A business loan can be utilized in numerous ways to benefit and grow your business, including:

• Financing payroll
• Covering emergency repairs
• Paying taxes
• Upgrading equipment
• Expanding or renovating
• Growing your workforce
• Stabilizing cash flow or consolidating debt

A business line of credit offers flexible access to cash on an as-needed basis. This type of financing allows you to draw cash from your total credit limit for any business purpose—and only pay interest on the amount you use. With a revolving line of credit, more cash becomes available as you pay down your balance.

You can also use it to bridge cash flow gaps during seasonal slumps or as a rainy day fund. There are no restrictions on how you can use it—you can utilize a business line of credit to cover any costs or opportunities your business faces.

It’s not really difficult to get business equipment financing. In fact, in many cases, getting approved for business equipment financing is easier than for other types of loans. With business equipment financing, the materials you’re purchasing will act as collateral for the loan. This gives lenders an extra layer of security, which in turn improves your approval odds. We offer business equipment financing options for all types of businesses, and you’ll find it easier to get approved than at traditional banks. Plus, the application process is fast and straightforward. Once you have your equipment selected and have an invoice, reach out to us, and we can walk you through the process.

Equipment loans are generally longer-term. Repayment ranges from 36 to 84 months, but some lenders offer prepayment discounts, which allow you to shorten your repayment schedule considerably.

While other types of financing offer broad use cases, equipment loans are designed specifically for equipment purchases. The term “equipment,” however, is very broad. Businesses can leverage equipment loans to finance:

• Computers and office equipment
• Vehicles for commercial use
• Construction equipment
• Trucks
• Machinery
• Commercial kitchen equipment
• VAC units and generators
• Medical equipment
• Industrial equipment

In other words, if your company needs to make a big purchase of a tangible asset, an equipment loan can help you break it into manageable payments that you make over time.

Yes, we can provide 100% financing. Not only will we finance the entire transaction, but in many cases, we can also cover soft costs such as tax, delivery, installation, etc. Up to 25% of the loan amount can be allocated to soft costs.