Construction Business Loans
Get approved and funded the day you apply. No prepayment penalties and transparent loan terms.
An Overview of Commercial Construction Loans
Construction is a vital part of a thriving economy, and we rely on construction businesses like yours to renovate our homes, improve our plumbing, roofs, or windows, and bring new buildings to our communities. The industry continues to grow, yet that demand is still met with its own challenges. Construction business owners are familiar with challenges like fluctuating demand, weather-related disruptions, and employee turnover – all causing issues with cash flow.
A small business loan provides access to financing, so those challenges don’t disrupt your business. SmallBusinessLoans.com matches business owners with lenders who know the challenges construction companies face and who have decades of experience in securing financing for businesses. Here you’ll learn about loan options available to you and what type might work best for your business.
PRODUCT FEATURES
Explore customized solutions for commercial construction financing
Every small construction business has unique needs. That’s why we strive to offer custom financing solutions that perfectly fit your company’s business requirements.
Fast funding for construction businesses
Get your cash in 24 hours.
Construction loans with flexible terms
Make hassle-free payments.
Personalized financing solutions
Find solutions fit to your needs.
Suitable for all construction needs
Use for almost any business purpose.
Types of construction business loans
Business line of credit
A business line of credit is a form of credit that lets a business borrow what it needs (up to the approved credit limit) and leave what it doesn’t. The business then repays through weekly or monthly payments that are manageable for the business.
Business term loan
With a term loan, you borrow a lump sum of money and repay it with interest in installments over a specified period of time. You can find these issued as short-term loans of a few months to a couple of years, or with longer terms of a few to several years.
Equipment financing
Equipment financing is a general term that applies to either equipment loans or equipment leasing. With either type, the business funding is specifically used for the purchase of new equipment.
Business credit card
Business credit cards are a common way to pay for the everyday expenses that may come up for a general contractor or construction business. They function just like personal credit cards in that you pay interest on any outstanding balance you may have each month.
Benefits of Construction Loans
Are we a match? Check our minimum requirements.**
6 months
in business
500
personal FICO® score
$100K
business annual revenue
Business
checking account
FAQs
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