Infrastructure Growth: Continual development is a given.
Specialized Expertise: High-value projects often require specialized construction firms.
Long-Term Contracts: More substantial projects mean stable revenue streams.
Sustainability in construction is becoming a cornerstone.
Tech solutions like 3D printing and AI are making inroads.
Eligibility: Yes
Why it’s a fit: Construction equipment and machinery can be used as collateral.
Asset-based lending works well for construction businesses with a significant investment in high-value machinery and equipment.
Eligibility: Yes
Why it’s a fit: Constant need for machinery updates or new acquisitions.
From excavators to cranes, construction projects often require specialized equipment that can be expensive to purchase outright.
Eligibility: Yes
Why it’s a fit: Project-based work often involves delayed payments.
If you're waiting for payment upon project completion, invoice financing can help you keep operations moving.
Eligibility: Yes
Why it’s a fit: Flexibility for varied operational costs.
A line of credit allows you to manage a variety of expenses, from payroll to materials, without requiring a new loan for each need.
Eligibility: Limited
Why it’s a fit: Specific to contracts that require upfront material costs.
Useful for situations where you've landed a contract but need upfront capital to purchase materials or subcontractors.
Eligibility: Yes
Why it’s a fit: Land acquisition or property development projects.
Whether you're looking to acquire land or develop a property, real estate financing provides the necessary capital.
Eligibility: Limited
Why it’s a fit: Best for companies with consistent revenue streams.
Not a common method in construction, but possible for companies that have regular, long-term contracts.
Eligibility: Yes
Why it’s a fit: For small construction firms or startups.
Small construction companies or those just starting out can avail themselves of the benefits provided by SBA loans.
Eligibility: Yes
Why it’s a fit: For expansion or large projects.
Long-term projects or significant business expansions could be well-suited for a term loan.
Eligibility: Limited
Why it’s a fit: For fast-growing companies taking on big projects.
For rapidly expanding construction firms that want capital without sacrificing equity, venture debt may be a suitable option.
Eligibility: Yes
Why it’s a fit: Government contracts are common in construction.
Government projects can be lucrative but slow-paying. This form of financing helps bridge the revenue gap.
Eligibility: Limited
Why it’s a fit: For sustainable or innovative construction methods.
Companies focusing on green building techniques or innovative construction methods may be eligible for grants.
Eligibility: Yes
Why it’s a fit: A traditional loan for various operational needs.
Often based on creditworthiness, this is a versatile loan that can be tailored to meet various needs.
Eligibility: Limited
Why it’s a fit: For short-term immediate capital needs.
For immediate needs like tool replacement or emergency repairs, a business cash advance can be quick but expensive.
FAQ