Construction & Trades
Business Funding for Construction Companies
Construction companies carry enormous overhead between labor, equipment, materials, and insurance. Most commercial projects require you to front significant capital months before you see a draw payment. Growth in construction means bigger bonding capacity, and bigger bonds require stronger balance sheets.
Common Uses
What Construction Companies Use Funding For
- Finance large material orders for commercial builds like steel, concrete, and lumber
- Meet payroll for multiple active crews across job sites
- Increase bonding capacity to qualify for larger municipal and federal contracts
- Purchase fleet vehicles and heavy machinery for new project types
Funding Options
Best Funding Types for Construction Companies
Contract Financing
Borrow against the value of signed contracts you already hold. Lenders advance a percentage of the contract value so you can mobilize crews and order materials without draining reserves.
Surety Bond Financing
Fund the collateral and working capital requirements that bonding companies demand. This lets you bid on projects that require performance and payment bonds without tying up all your cash.
Equipment Financing
Spread the cost of cranes, bulldozers, and concrete equipment over 3 to 7 years. The equipment secures the loan, so approval is more about the asset value than your personal credit score.
What Lenders Look For
Qualification Notes for Construction Companies
Related Industries
Related Construction & Trades Funding
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