Business Loans for Construction Contractors

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Best Construction Business Loans

Construction companies and specific trade contractors are always in need of capital due to the nature of their business and the construction industry. Getting money to help run the business is essential when balancing multiple jobs. Many times you have to purchase supply and meet payroll before funds come in from clients. Even for a successful business, traditional bank loans have always been challenging to get from banks and/or credit unions due to the high risk nature in the construction contracting business. AdvancePoint Capital can provide business loans to construction companies like yours, with attractive interest rates, and unique financing options, so you focus on running your business and make it grow. Experience our service that you won’t see at banks when looking for a construction loan.

The 6 Best
Business Loan Options for Construction Contractors:

Short-Term Business Loan

Small Business Loans

A construction loan for the construction business provides a fixed rate, fixed term, and a fixed payment that is predictable and affordable. A small business loan is a term loan with attractive interest rates and repayment terms. Minimum annual revenue applies for a term loan.

Business Line of Credit

Business Line of Credit

A credit line is a revolving line of credit up to a set credit limit that you can draw funds at will without having to contact the lender. Great product to supplement the business's cash flow and gain access to working capital on the fly. This is not a construction business loan but a flexible credit line. Pay interest only on outstanding balance.

Equipment Financing

Equipment Financing

There is a lot of costly equipment needed in the construction business. Having to ability to own and purchase equipment can save a lot of money in rental fees. Equipment loans and leases are an excellent vehicle to buy new equipment and save money with a loan. Equipment financing is repaid in regular instalments, typically monthly, with the term length dependent on how long the lender anticipates the equipment will last.

SBA Loan

SBA Loans

The SBA administers and sets guidelines for the SBA loan program. This loan program allows a construction company to expand there business with a longer term loan which provides for a higher loan amount at attractive loan terms with affordable interest rate and payments. A loan down payment and fixed assets may be needed for collateral. The Small Business Administration guarantees the lender recover of a certain percentage of the loan to the approved lender to cover the default, which encourages lenders to lend. Your personal credit score must be good for SBA approval. SBA offers monthly payments are available with personal guarantee.

Invoice Financing

Invoice Factoring or Financing

Construction companies invoice many clients. Invoice factoring allows construction business owners the opportunity to get an advance off of the invoice before the terms are paid, speeding up the time it takes to get paid.

Business Credit Cards

Merchant Cash Advance (MCA)

When small business owners can't get approved for traditional construction business loans they turn to MCA for there working capital needs. Allows for a lower personal credit score. This is not a construction loan, but an advance on future receivables.

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Get Started Today

AdvancePoint Capital makes the loan application process a simple, straightforward experience.

Types of Construction Companies We Serve:

We offer construction financing to a wide range of small businesses within the industry. We have a wide range of options to help. We provide construction business loans, line of credit and other construction business financing solutions that you can take advantage of today for a wide range of needs.

  • General Contractors
  • Plumbing Contractors
  • Electrical Contractors
  • Home Improvement/Remodelers
  • Landscaping Contractors
  • HVAC Contractors
  • Residential House Builder
  • Commercial Building Contractors
  • Construction Manager
  • Sub-Contractors
  • Demolition Contractors
  • Property Maintenance Contractors

Construction companies looking for Cash Flow:
The Reasons Why

The construction business is a business of balancing. Managing that cash flow can be difficult do to the nature of the business. The cycle of construction to completion to compensation is fraught with scenario's that can be out of the control of the business owner.

What ever the loan types, having some type of construction business loan, unsecured loans, term loans or line of credit to smooth out cash reserve dilemma's due to various issue's is key to a successful construction company. Established businesses rely on business lines of credit.

Use of Funds for Construction Loans for Construction Companies

  • Construction Equipment
  • Working Capital Loans
  • Hire Workers
  • Retain Jobs
  • Increase business assets
  • Commercial Construction Loan
  • General Business Purposes

Get started today. We offer a wide range of construction loans and lines of credit options with that you can take advantage of for your construction business — regardless of your credit score or history.

Finding the right funding solution can be difficult, but here at AdvancePoint Capital, we make it easy to get the funds you need.

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Why AdvancePoint Capital?

We’ve helped countless construction companies find the loan option that works best for their business. Our simple diverse range of construction loans and funding opportunities gives our customers the freedom and flexibility to find a loan solution that works for them. Our simple application process and instant cash-on-hand experience are just around the corner.

With AdvancePoint Capital, you’ll benefit from our professional experience with qualified specialists, and a trusted name in the funding industry. We make it easy to get loan offers with a fast approval process.

  • Experience in the Construction Industry – We have been funding construction businesses for years.
  • Trust – Excellent reviews and feedback
  • Loan Specialists – Experienced funding experts who know the construction industry.
  • No cost, no commitment quotes
  • Products – A variety of financing products for the new business or existing business. We don’t just offer what we have; we deliver what’s available in the marketplace.
  • Service – Excellent customer service and responsive

Construction loans can be intimidating, but they don’t have to be. At AdvancePoint Capital, we can find a funding solution that works with your construction company instead of against it. Go to our website form, fill and apply and find out what your loan terms would be!

How much funding do you need? Get your quote today by filling out our simple form.

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