Fast Construction Business Loans
Running a construction business is not easy. At least that’s what our clients tell us. It seems as though construction businesses are always waiting on receivables. Net 30 turns into net 45 and then net 45 turns into net 60. Jobs and contracts get pushed back for whatever reason. Meanwhile, in the meantime, payroll still needs to be made for employees and subcontractors. Jobs and contracts never seem to finished on time which causes delays in draws, payouts and progress payments. With that being said, business owners still need to have the cash on hand for everyday operating expenses.
Not to mention funds available to bid on new contracts, rent equipment, buy inventory and so forth. Most of our clients who own construction businesses use our funding to help “bridge the gap”. Most of them are waiting on a large check to come in or just need some help with working capital to help keep momentum and push through until payments come in.
Typically we’ll fund a fast business loan or line of credit and provide a “cushion” of working capital until their receivables come in. Payroll seems to be the greatest concern and priority when borrowing funds. The second priority is paying vendors and keeping them happy. We understand the challenges involved with running a successful construction business. That is why we help construction businesses with business loans and lines of credit.
If you need a fast business loan for your construction business, we can help you.
Please contact us to speak with a business funding advisor at 1–888–805–1394 or www.fundedbusinesscapital.com. #WeFundBusinesses
By Jessica Kramden