Funding for Construction Contractors
Fast, Direct Construction Company Funding
Getting the funding you need from a traditional lender like a bank can be difficult. The process may take weeks, and most loans are denied because construction company funding is often considered “high risk” due to the volatility of demand, fluctuations in cash flow, and thinner margins. United Fundings offers Funding for Construction Contractors in all fields of this industry. From carpenters, to electricians we understand your business and have many funding options available.
Ready to Grow Your Construction Business?
Here's How You Can Get Funded:
FAST AND SIMPLE
Most of our entrepreneur clients receive a pre-qualification from us within 24 hours of submitting the online application, and often receive the money in their business bank account within 3-4 days. The process for obtaining a traditional small business loan from a bank could take several months. Learn how our Small Business loan or Merchant Cash Advance application process works!
MINIMUM DOCUMENTATION AND NO COLLATERAL REQUIERED
We are not a bank, so we don’t require the same amount of documentation from merchants to provide retail financing. You don’t have to fill out 20+ documents and provide tax returns, financial statements, or physical collateral in order to obtain a business cash advance. We have a simple one-page application and only require 4 months of credit card processing statements and 3 months of bank statements.
YOUR PERSONAL CREDIT ISN'T A PROBLEM
We take many factors into consideration through our proprietary underwriting process, and we have funded thousands of merchants who have credit scores 550 and above. Business loans often require a higher minimum FICO or credit score. Read how you can qualify for our Merchant Cash Advance or Small Business loan.
PAY BACK WITH WHAT YOU MAKE
A merchant cash advance isn’t a traditional loan. The advance is paid back as a percentage of your credit card sales. When business picks up, you pay back more and when business slows, you pay back less. Simple, flexible, and eliminates the stress of paying back a loan. Learn more about our Business Cash Advances.
What United Fundings Can Do for Your Construction
The construction industry is humming with client requests for custom homes, remodeling, offices, and additions coming in every day. But between fronting the cost of building materials, unexpected weather delays, and late-paying clients who require multiple change orders, craftsmen can get caught up in balancing the costs of materials and labor with invoices and cash flow. Many contractors get stuck in this middle area where they’re forced to hire more people because they can’t handle the workload, but profits aren’t any higher.
With funding for construction contractors from a trusted partner, you can manage this dilemma and look forward to the future.
That’s where United Fundings comes in. United Fundings’ experienced underwriting team makes our application process incredibly fast, and our boutique financing allows our staff to develop an offer tailored to your business’s unique needs and growth goals. Most importantly, we believe in 100% transparency. Our experienced staff will walk you through every detail of your funding offer and answer any questions you may have. So take a look at what United Fundings can offer you and secure construction contractors funding today.
How To Use Construction Funding
A construction company loan can provide the influx of working capital you need to meet the unique challenges of running a construction business, such as:
- High cost of materials.
- Skilled worker shortages.
- Unreliable subcontractors.
- High employee turnover.
- Volatile or seasonal demand.
- Late receivables.
Construction company funding can also provide the cash flow you need to improve or expand your business. Use your funding to:
- Purchase or repair equipment to reduce your reliance on subcontractors.
- Improve systems and technology, such as 3D printers or advanced scheduling technology.
- Purchase materials to get a jump start on a new or upcoming project.
- Invest in mentoring and training programs for new employees to fill worker shortages.
- Fill in seasonal gaps by using the downtime to invest in marketing or implement new technologies.