Construction contract loans and project-backed financing are options available to commercial subcontractors that enable them to finance new projects before work begins.
Funds secured by construction contracts
These funds are secured by the construction contract and provide working capital to cover payroll, materials, permits, vendor costs, and other expenses related to the project. This financing may be accessible before the work commences.
Funding is tailored to each specific project.
This funding is tailored to each specific project, ensuring it remains financed and on track. The repayment schedule aligns with the project payment timeline, and the collateral for the loan is the project or job contract.
Secure funds before the project begins
The loan program provides commercial contractors with the opportunity to secure the necessary capital before starting a job. Obtain the funds necessary to meet your contractual obligations.
Advantages
The job contract itself secures the funding.
We schedule the repayment to coincide with the project's payment timeline.
The loan is tailored for each project, ensuring that your funding stays on track and your project continues to progress.
Changes to the project or delays will not impact the interest rate or terms of the loan.
Your personal credit remains unaffected.
Most importantly, you receive the funds exactly when you need them—before the work begins!
Eliminate concerns about payroll, material orders, permit acquisition, and vendor payments. With a simple loan application, you can quickly obtain funding and get to work.
Basic Criteria
In business for two or more years.
Gross annual revenue of $1M or more
Three or more active projects
Initial Paperwork
The six most recent business bank statements
Last Two Year-End Income Statements and Balance Sheets
Overhead & Debt Schedule (we'll send you the template)
The last 2 corporate tax returns filed for the business
A copy of the contract(s) for each project you are seeking funding for (if bidding on a project, no need to submit for now)
A/R and A/P Aging Reports
Copy of the Business General Liability Insurance Certificate
Articles of Incorporation, the SS4 IRS form, and a copy of the driver's license for each owner.
Get Started
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