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Construction Business Financing
Low charges funding for construction companies, contractors, and skilled specialists.
Get approved and funded the day you apply.
No prepayment penalties and transparent loan terms.
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Up to $5M working capital within 1 to 2 days
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Both secured and unsecured funding options
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Flexible payment schedule
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6-month to 24-month loan terms
Won't impact your credit
Top Ratings on Trustpilot
Discover why small business owners adore Fast Capital Funding with our 5/5 Trustpilot rating.
See What Others Say
Don't just take our word for it—read testimonials from fellow business owners who have experienced the Fast Capital Funding difference.
Effortless Application
We respect your time. Complete our streamlined online application in just 2 minutes.
Swift Approval and Funding
Experience same-day approval and have funds in your bank account within 1-2 days. Your business moves fast, and so do we.
Best Business Financing for Contractors & Construction Companies
Running a construction business can be capital-intensive. You have to purchase and repair construction equipment, hire employees to scale, and market your services to get customers. It all requires consistent cash flow to succeed.
That's where Fast Capital Funding can help — we provide working capital to construction companies to help them operate at full strength. You have better things to focus on than worrying about seasonal cash flow fluctuations. We've got you covered.
We're committed to helping contractors pursue the American dream. Whether your business specializes in large-scale construction projects or smaller residential renovations, we can provide the financing to keep moving forward.
Benefits of Construction Financing
The new construction and renovation markets are booming. That has led to growth opportunities for builders, general contractors, and specialists like electricians and plumbers. But with seasonal consumer needs, having access to working capital is more important than ever.
Even during busy seasons, businesses can use commercial construction financing for supplies, payroll, and general operational expenses. There are various loan programs to suit your needs.
No personal guarantee needed
Unsecured construction loan lenders on Clarify have no collateral requirements. We specialize in the financial needs of small businesses nationwide.
On-demand approvals
Get funded within 24 hours of applying for financing. Whether you have good or bad credit, we can help you secure funding quickly. As a business owner, time is precious. You shouldn't have to spend days or weeks working with lenders to get capital.
Buy your own equipment
Many construction companies end up using subcontractors due to a lack of equipment. With an equipment loan from Fast Capital Funding, you can purchase equipment to make more money in the long run.
Grow your team
The only way to truly grow your enterprise is by hiring more staff. When opportunities outpace your workload, it's time to expand your team. Use a working capital financing to hire crew members until the new jobs start paying.
Flexible financing
Access to capital in times of need is key to the survival of contractors and construction businesses. Our financing products allow you to borrow quickly on demand with flexible payment terms.
Full transparency
What you see is what you get. There are no hidden fees and mumbo-jumbo you can't understand. We strive to keep lending simple, concise, and honest. You get a dedicated adviser assigned to guide you throughout the process.
Meet your Fast Capital Funding advisors
We make sure you're getting the best options on your business funding, and set your company up for success.
Minimum Requirements
The follow are the minimum requirements to qualify for a construction business loan with Fast Capital Funding. Even if you have bad credit, your financing advisor will help you through the funding process.
$10,000 in gross monthly revenue
Your business must be earning at least $10,000 per month (on average) in a business bank account.
500+ credit score
You can get a construction financing with any credit score. But the higher your creditworthiness, the better the charges granters can offer.
At least 6 months in business
Your company should be operational for more than six months. This gives confidence to lenders that your business is able to pay back the financing over time.
Have a business bank account in the United States
Your Fast Capital Funding advisor will need three to four months of your most recent bank statements to verify income. Have your statements ready to speed up the funding process.
Small Businesses ❤️ Fast Capital Funding
Highly recommend Fast Capital Funding to other contractors
I called Fast Capital Funding when I had an opportunity to bid on a new construction and roofing opportunity. Without the working capital provided by Fast Capital Funding, I would not have been able to buy the materials and hire the labor necessary to complete the job. I know that I can count of them in the future to help support my company's growth.
George S.
Shane at Fast Capital Funding is the best
I've worked with a few granters, but Fast Capital Funding stands out. The loan helped me complete two projects ahead of schedule. Plus, the folks there are genuinely nice. I worked with Shane who is an amazing guy.
Ricardo P.
It was a breeze working with Fast Capital Funding
If you're in construction and need financing, look no further. Every contractor knows the stress of project financing. They were there when my business hit a rough patch. Got the funds, finished my project, and made my client happy.
Pauli M.
The 5 Best Financing Options for Contractors
With multiple business financing products lenders offer, borrowing money can be an overwhelming experience. We've funded thousands of construction business owners.
Here are the types of financing that work best for small business owners in the construction industry.
1. Short Term Financing for Construction Companies
Short-term financing are a traditional financing option with no collateral for contractors. A granter provides a fixed lump sum with a specified interest rate that you pay back to the lender based on set repayment terms.
Advantages of short-term financing:
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Quick funding within 1 to 2 days
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No collateral needed to secure a financing
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Both good and bad credit scores can get approved
2. Business Line of Credit for Construction Companies
Think of a business line of credit as being similar to how credit cards work (with lower interest rates than credit cards). You are approved for a credit limit by a granter with specified charges. You only pay interest on the amounts of funds you withdraw from your total credit line, just like a credit card.
Advantages of line of credit:
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You only pay charges on funds you use
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Always available to use when a need arises
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Improves your personal credit score in the process
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No penalty for prepaying the balance
3. Equipment Financing for Construction Companies
Equipment is the lifeline for all construction business owners. Contractors are always buying or repairing existing ones. With equipment financing, the lender gives you 100% of the funded amount to purchase your equipment. The equipment serves as the collateral needed for the financing. The structure is very similar to getting an auto financing with monthly payments.
Advantages of equipment financing:
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A good credit score isn't a requirement (since the equipment serves as collateral)
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Minimal paperwork needed
4. SBA 7(a) and Microfinancing for Construction Companies
As the holy grail of small business loans, SBA financing are partly backed by the federal government. While charges for SBA financing are low, the process of getting one is long and full of lengthy paperwork. Your credit score also needs to be in good shape to get approved. We help construction business owners secure SBA financing if their capital needs are further out into the future.
Advantages of SBA financing:
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Backed partially by the U.S. Small Business Administration (SBA)
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Can be used for any working capital needs
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Long financing terms
5. Invoice Financing / Factoring for Construction Companies
Contractors are accustomed to having multiple outstanding invoices that are in the process of getting paid. If that's the case for you, invoice factoring lets you get up to 100% of the invoice value from a granter. Factoring is primarily only for business-to-business (B2B) companies. So if your services are geared towards consumers, opt for a short-term financing or business line of credit instead.
Advantages of invoice factoring:
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Instant access to capital without waiting for customers to pay
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Invoices serve as collateral -- no personal guarantee needed
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Approval is based on the credit rating of your customer
Types of Construction Business Financing
Here are common funding solutions that we've provided construction companies. Your Fast Capital Funding advisor will guide you through all options so you can make the best decision for your specific needs.
You deserve the best options and an construction financial service provider who has your back.
From our humble beginnings, we remain committed to helping American businesses achieve success. We keep things simple, convenient and transparent.
FAQs about Construction Business Financing
Getting access to funding fast is the best news for your business, and you want to know more. Here are the answers to common questions about construction business loans from owners like yourself.
How hard is it to get a construction financing?
The level of difficulty is impacted by what avenue you pursue funding. Traditional banks often have stricter requirements and are paperwork-heavy, which can slow things down. The application process tends to be simpler and faster when you go through online lenders. See how to get fast business financing with Fast Capital Funding!
What are the requirements?
Eligibility factors include credit scores, time in business, and company revenue. Credit score is usually the main component considered, although borrowers with all types of credit can be approved.
How can I get a construction loan with no money down?
Granters have different factors they use to determine how much capital is needed for a down payment. Although this amount varies, a 20% deposit is common. If you prefer funding with no money down, speak to an adviser at Fast Capital Funding to discuss your options.
Types of businesses we fund
Fast Capital Funding provides construction business financing to any business located in the United States. Here are a few types of companies:
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General contractors
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HVAC specialists
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Plumbers
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Electricians
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Remodelers & renovators
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Owner-builders
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Real estate developers
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Construction managers
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Architects & design professionals
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Subcontractors & specialty trades
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Landscapers
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Roofing companies
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Masonry specialists
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Painters & decorators
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Flooring & tiling specialists