Construction Business Loans
Small Business Loans for Construction Companies and Contractors
Select the amount you wish to borrow:
Choose your repayment term
How frequently do you want to make payments?
The costs of running a construction company can be substantial. Maintaining and replacing equipment, buying materials, and making payroll are all recurring expenses that require constant and reliable cash flow. With construction business funding, your business can operate at full strength.
How Construction Business Loans Can Help Your Business
It can take time to get paid for work completed, especially on government contracts, as those primarily pay between 30 to 60 days after project completion. Use business loans to cover any payment delays.
Borrowing money lets you start new projects, even as you’re waiting to get paid from your last projects.
Purchase equipment outright, rather than using subcontractors or third parties.
Where Can I Get Funding for Construction Companies?
Construction companies have a wide range of options when it comes to seeking funding. Possibilities include bank loans, Small Business Administration (SBA) loans, business credit cards and alternative business loans. Today, more and more companies are considering alternative business loans for their ease and flexibility.
Often offered online, alternative business loans can give entrepreneurs access to capital without the onerous, time-consuming process of a traditional bank loan. Easy applications and sophisticated underwriting models allow owners to quickly find out if they qualify and to secure funds, even with less-than-perfect credit.
How Can I Use a Loan for Construction Companies?
Construction company loans — like all business loans — are primarily used to support the company. This can include hiring and training, marketing, purchasing equipment, and taking care of day-to-day expenses.
Apply for a Headway Capital Business Line of Credit
Headway Capital offers a true line of credit with no hidden fees for construction companies and contractors, helping them fulfill any business financing needs. You can borrow the amount you need (up to your credit limit) when you need it, building your business at your own pace.