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How Does Financing for Construction Work?
Here at Business Funding Marketplace we understand finding finance has always been a challenge for construction subcontractors. Most banks and financial institutions do not offer financing for both new & used equipment. We believe small construction companies have the same financing needs as their larger counterparts like salaries, office expenses, equipment, rent, payroll, and other expenses.
Construction Financing
We know that most small businesses, regardless of industry, are usually financed to their owners directly. The result from that is that owners put in their savings, mortgage their homes, liquidate retirement plans,and use their own personal credit cards to pay for expenses. Here are Business Funding Marketplace we want to do everything in our power to make sure your business succeeds hassle free.
Here are some uses and things to know about construction loans:
- Financing for Construction:Â A small business looking for funding to for their projects would apply for a short-term construction loan. This tpe of loan can be used to pay for construction tools, materials, and payroll. Construction loans have high-interest rates owing to the risk involved.
- Thorough the Application Process: Most of the time when you apply for a construction loan, you’ll be asked to provide the details of your construction projects. Some details include the total amount of funding required, details about the builder, a detailed oriject timeline, the floor plans or construction drawings, the cost of materials, and the cost of labor.
- Good News! Until recently, it was very hard almost impossible to find lenders offering construction loans online. Not anymore! We had here to take you from start -to-finish process. Let us take away the stress!
Progressive Business Funding Difference:
- Flexible Terms
- Get pre-approved up to $500k
- One on One Specialist Support
- Decisions as Soon as Today
- Used & New Financing for Equipment
Affordable Equipment Loans:
- Used & New Financing for Equipment
- Replace aging equipment
- Expanding your servicing offers.
- Buy equipment from any vendor
- Potential tax advantes
Take the first steps towards construction financing
We know making decisions for a construction loans is rough, we recommend that you consider a wide range of options for your construction projects. On the other hand, if you choose the wrong partners, they can add delays and complexity.
Business Funding Marketplace Offers Loans For:
- construction financing
- Equipment purchases
- Practice loan refinances
- Practice relocations or adding a new location
- Office remodels & expansions
- Partnership buy-outs and buy-ins
- Practice acquisitions
How it works
Apply online within minutes.
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Get your application reviewed in an hour.
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Get funds on same day upon approval.
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Proudly compliant with the GFA Code of Good Conduct & Practice.
How we compare?
Small-business loans can be very critical to the sucess as being a business owner, whether you’re stocking your shelves or expanding your footprint. Traditional banks are no longer the only sources of business financing. With online ledning, you now have access to many funding options, from SBA loans & small business lines of credit to term loans and invoice based financing.
The Economic fallout from the COVID-19 pandemic, small business owners and self employed workers have many relief options provided under the CARES ACT, including forgivable loans.
Not answered above?
We have the best professional consultant that will meet all your business needs.
Over $500k approved & funded the same day.
To qualify for funding your business needs to be at least a year old. You should have revenues of $30,000 annually or $2,500 per month over the last three months.
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