Construction & Trades
Business Funding for Contractors
Most contractors fund jobs out of pocket and wait 30 to 90 days to get paid. That cash flow gap is the number one reason contractors seek financing. The right funding lets you take on bigger projects, hire more crews, and stop turning down work because you can't float the materials.
Common Uses
What Contractors Use Funding For
- Cover material costs upfront before client payment arrives
- Purchase or lease heavy equipment like excavators and skid steers
- Bridge the gap between project completion and final payment
- Bond larger commercial or government contracts
Funding Options
Best Funding Types for Contractors
Invoice Factoring
Sell your outstanding invoices at a discount and get cash within 24 hours. Perfect for contractors who bill on net-30 or net-60 terms and need to pay subs and suppliers now.
Equipment Financing
Finance excavators, loaders, and other heavy machinery with the equipment itself as collateral. Most lenders will fund 80 to 100 percent of the purchase price.
Business Line of Credit
Draw funds as needed between jobs to cover payroll, materials, and bonding costs. You only pay interest on what you use, which fits the uneven cash flow of project-based work.
What Lenders Look For
Qualification Notes for Contractors
Related Industries
Related Construction & Trades Funding
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