Construction Company Funding
Funding Construction Companies Nationwide
Running a construction company and receiving construction company funding has it’s challenges uniquely to each industry. A cloudy, rainy day can set you and your client back a few hours or days. Creating an obstacle for your employees having to work overtime or extra days to get the project finished can get a little but more expensive. It might seem overwhelming to manage the company’s cash flow through these unexpected ups and downs. That’s where business loans for contractors come into play.
Opportunities to grow and expand are right at your finger tips, let Capitalize Loans help you.
Construction Company Funding Solution
Small business construction loans are easier to secure than ever before. With Capitalize’ online application, it only takes a few minutes to apply. We provide a number of different types of small business funding to help grow your construction business, funding from $13,000 up to $5,000,000.
How Business Services Funding Works
How a Construction Business Loan Can Help You
Attaining a business loan for a construction company is an advantage for the company and against company competitors. The funds received can be used for various of expenses, but we will speak about the main four expenses that will really bring your construction company above your competitors.
Purchasing More Equipment
If your construction business needs heavy machinery or basic equipment to increase revenue, then an equipment loan is the best option for your business.
Renting gives you the flexibility to choose specific items for just the amount of time you need it. Although, if you’re going to need the equipment for a long period of time, for several projects, you’ll most likely capitalize on either leasing the equipment or buying it.
Receiving a construction loan can help you purchase equipment and save you on costs long term. Buying your own equipment is very attractive because once the equipment is paid off, the equipment is yours and you’re able to profit from any project.
Hiring More Workers
Most of us know, without our employees business will fail. It’s hard and time-consuming for an owner to work on every part of a business, mostly when the business is growing. Hiring more workers can relieve the stress wondering if there’s enough time to manage daily tasks. Allowing more time to take care of the important managerial tasks.
Let’s say you were able to close your first major project. Noticing you only have 3 workers plus yourself, the project needs to be done by a certain deadline. After much consideration if there’s enough man/woman power for the job, you simply seem to notice you won’t be able to finish on time. That is when a construction loan comes in handy to have the ability to hire more workers.
Adding more workers to the project will increase your turnover rate and allow you to not worry if the project will be completed before the deadline.
Managing Better Cash Flow Against Your Competitors
The advantage of applying for construction company funding is the fact you’ll be able to have cash on hand and beat your competitors. Let me explain:
Being able to have cash on hand can eliminate any uncertainty while waiting for a bid approval on a project. Plus, giving you better cash flow to compete against larger competitors. This gives security while bidding for bigger projects knowing you have the funds to upgrade equipment or hire workers.
LET’S GET STARTED
Apply for Small Business Capital
After filling out our single application, you’ll get to speak to one of our dedicated advisors to take the time to get to know your business and help you understand your small business funding and repayment options.