Working Capital Loans for Contractors
At Capital for Contractors, we know how valuable business financing can be. However, we also recognize that getting you your money quickly is just as critical. When you need business funding, you need it today, not tomorrow. That’s why we’ve dedicated ourselves to making it easier than ever for owners of construction businesses to obtain quick business loans.
If you’ve ever heard the adage, “It takes money to make money,” you must be a small business owner. Fortunately, there are more small business loan types available today than ever before—you just need to know where to look and what to look for. You don’t need to be a financing expert to build a successful business, but you do need to consider all the business loan options available to determine which one is best to meet your business need.
Easy Application, Fast Funding
The length of the loans can be customized, usually 3 to 18 months.
They require relatively little paperwork and a simple application to start.
The underwriting and approval process are designed to provide business owners quick answers.
Once approved, business owners have their funds in as little as 24 hours.
Automated daily, weekly, or monthly payments via ACH from your business bank account.
Funding amounts of $5,000 to $500,000.
Poor credit is not a deal breaker.
Financing that doesn’t require any equity or personal collateral.
It doesn't matter if you’ve recently started your business or have been around for years, building a solid business credit profile is an important step to make sure you have access to all the financing options you need to build a thriving business. We help you build business credit by reporting your good payment history to the appropriate business credit bureaus. You can also work with one of our Credit Specialists, who can help you navigate things
like Secretary of State filings and improving your credit score.
Build a Business with Short Term Working Capital Loans
Have you ever had to pass on an exciting business opportunity because your construction company didn’t have enough cash? If so, you know how frustrating it can be.
Regardless of what type of construction you specialize in, whether it is flooring, demolition, electrical, roofing, HVAC, or another trade, you know that every type of construction project involves estimating, budgeting, purchasing materials and equipment, and hiring skilled labor.
Under-estimated projects and over-budget jobs...buying expensive materials weeks before sending an invoice...permitting delays. These are all common challenges in the construction industry. Very often, contractors are unable to come up with large sums of cash on demand. You could try your local bank. The challenge here is that traditional bank loans take forever to process. And worse, forever to repay.
When loan payback terms are between 3 months and 18 months, this is a short term loan. Payments can be daily, weekly, or monthly. Since the minimum qualifications are less intensive than those of banks, you do not need excellent credit to qualify. Shorter term working capital loans give your business more flexibility. Simply, you can adjust your working capital needs more often.