How can Construction Funding help my business?
We provide fast, flexible funding for construction businesses of all sizes. Our Merchant Cash Advances are not secured with assets (like bank loans) and are not based on credit, but rather your business revenue. Many small businesses, particularly construction businesses, have difficulty qualifying for traditional loans through a bank. At Construction Funding all we do is provide working capital to the contractors who need it. We work fast and can provide you up to $500,000 in funding delivered within just days.
How does your funding work?
When you submit your application, it will be forwarded to a funding specialist. An underwriter will determine how much you qualify to receive, which is based on the last three months of your financial records that show a minimum of $10,000 in gross monthly revenue.
After you are approved, you will receive the money within 1 business day. You may use the money for anything related to your business, including hiring or paying workers or buying equipment and supplies.
In exchange, Construction Funding will then take a percentage of your future earnings until the Merchant Cash Advance has been repaid. Because your repayment is based on a percentage of revenue not a fixed dollar amount, you always remain proportional to your cash flow. Unlike a bank loan, your business is never overburdened when sales are slow.
Why should I get a merchant cash advance?
Unlike a traditional bank loan, Construction Funding does not heavily rely on your personal credit history or require collateral assets. This means you can qualify even if you have bad credit, as long as your business is profitable. This is a much safer option for business owners, as you do not risk losing your assets.
With our speedy underwriting process, construction contractors can be approved for a cash advance the same-day. The funds are then delivered within 1 business day to your business bank account.
How much can I receive?
The amount of your cash advance is based on your monthly revenue. Your business can qualify for anywhere from $3,000 to $500,000 in working capital.
Do I qualify?
We require that you have been in business for a minimum of six months with at least $10,000 in documented monthly gross revenue. Recent bankruptcies, outstanding debts and bad credit will not disqualify you from one of our funding programs.
To find out if you qualify, fill out our easy contact form above and a representative will be in touch shortly to review your options.