At Construction Funding, we have worked hard to ensure our application and approval process is as straightforward and fast as possible. We know that when you need funding for your construction business, you do not have time to sit around and wait. Our application takes only a few minutes to complete and you can qualify for up to $500,000 in construction funding.
This is how our Cash Advance process works.
#1. Apply for Funding
It all begins with a short online or phone application. If you have been in business for six months or longer and have gross monthly revenue of at least $10,000, we invite you to apply for construction funding now.
When we receive your application, it will be matched to one of our experienced representatives, who will get in touch with you same-day to discuss our programs and the next steps in the process.
#2. Get Qualified for Funding
More than 95% of construction business owners qualify for funding. Your representative will walk you through the whole process, and an underwriter will help you create a Merchant Cash Advance plan that is customized completely to your needs and business goals.
We will need extra information from you during this step to find out how much you qualify to receive in funding. This includes three months of credit card processing statements and three months of bank statements.
#3. Get Your Cash
After you are approved for a Cash Advance, you will receive the money within the next business day, automatically deposited into your bank account. This money may be used for anything related to your business, with no restrictions.
What Happens Next?
When you use a Merchant Cash Advance, we are essentially buying a share of your future sales. We will take a fixed percentage of your daily sales until the full amount of the Cash Advance is paid back. If sales slow, the amount we deduct will be reduced. This makes it as easy as possible to repay your Advance without placing you under undue hardship.
When 80% of your Cash Advance is repaid you have the option of renewing your Merchant Cash Advance for up to 200% of the original amount you received.
Apply for a Merchant Cash Advance through Construction Funding today to learn more about what we can do for your business!