Industry Financing

Construction Business Loans

Financing solutions for construction companies, contractors, and general contractors.

Construction business loans help construction companies finance equipment, vehicles, materials, payroll, and working capital. Common uses: heavy equipment (excavators, bulldozers), trucks and trailers, materials and supplies, payroll for crews, and project financing. Loan types: equipment financing (6-30% APR) for heavy equipment, term loans ($25k-$500k), lines of credit ($25k-$250k), and SBA loans (6-13% APR) for larger needs. Approval in 24-72 hours for alternative lenders. Requirements: 6+ months in business, $10k+/month revenue, 600+ credit. Construction companies may need to show project pipeline and bonding capacity.

Common Financing Needs

Equipment & Vehicles

• Heavy equipment (excavators, bulldozers)
• Trucks and trailers
• Tools and machinery
• Fleet expansion

Learn about equipment financing.

Materials & Supplies

• Lumber and building materials
• Concrete and aggregates
• Electrical and plumbing supplies
• Project-specific materials

Payroll & Labor

• Crew payroll
• Subcontractor payments
• Seasonal hiring
• Benefits and insurance

Project Financing

• Project startup costs
• Working capital during projects
• Bridge financing
• Bonding and insurance

Best Loan Types for Construction Businesses

1. Equipment Financing

Best for: Heavy equipment, trucks, trailers, and machinery.

• Rates: 6-30% APR
• Terms: 2-7 years
• Amounts: $25k-$500k+
• Equipment serves as collateral
• Fast approval (24-72 hours)

Learn more about equipment financing →

2. Business Line of Credit

Best for: Materials, payroll, and ongoing project expenses.

• Rates: 8-25% APR
• Limits: $25k-$250k
• Draw as needed
• Pay interest only on what you use

Learn more about lines of credit →

3. Term Loans

Best for: Large purchases, fleet expansion, and one-time needs.

• Rates: 8-25% APR
• Terms: 1-5 years
• Amounts: $25k-$500k
• Fixed monthly payments

Learn more about term loans →

4. SBA Loans

Best for: Large expansion, real estate, and established businesses.

• Rates: 6-13% APR (lowest)
• Terms: 5-25 years
• Amounts: Up to $5M
• Requires 2+ years in business

Learn more about SBA loans →

Industry-Specific Challenges

Project-Based Revenue

Construction revenue is project-based with payment delays. Lines of credit help bridge gaps between project milestones and final payment.

High Equipment Costs

Heavy equipment is expensive. Equipment financing spreads cost over time while you use equipment to generate revenue.

Seasonal Fluctuations

Weather and season affect construction. Lenders may evaluate annual revenue or peak-season performance.

Qualification Requirements

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Time in Business: 6+ months (12+ months preferred, 2+ years for SBA)
✓
Monthly Revenue: $10,000+ (higher for larger loans)
✓
Credit Score: 600+ (higher scores get better rates)
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Licenses: Contractor license and bonding may be required

Learn more about how to qualify for a business loan.

Frequently Asked Questions

Can I finance project materials?

Yes, lines of credit are ideal for materials and supplies. Draw as needed for each project and pay interest only on what you use. Term loans also available for larger material purchases.

What's the best loan for heavy equipment?

Equipment financing is best. Equipment serves as collateral, rates are competitive (6-30% APR), and approval is fast (24-72 hours). Terms typically 2-7 years.

Can I get financing for payroll?

Yes, lines of credit are ideal for payroll. Draw funds to pay crews and subcontractors, then repay as projects pay out. Flexible access helps manage cash flow.

Ready to Finance Your Construction Business?

Apply now and get a decision in 24-72 hours. Fast approval for equipment, materials, and working capital.

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Fast decisions • Clear terms • Real people