Hire More Workers
Hire more workers for larger projects and replace turnover.
How Construction Business Loans Can Help You
Running a construction or contracting business comes with many challenges. Bad weather can delay projects, demand may fluctuate seasonally, and costs pre-date payments for jobs. Employee turnover also makes finding and retaining high-quality workers difficult. It might seem overwhelming to manage cash flow through these unexpected ups and downs, and as you create a construction business plan, it’s important to know you’ll have the capital you need. That’s where construction business loans for contractors and construction companies can help.
Purchase Equipment
Use equipment leasing and financing to purchase or lease new or used equipment
Challenge Competitors
Have cash on hand to compete for new business with larger companies.
Manage Cash Flow
Cover payroll costs while waiting for waiting for payment.
How to Apply
Small business construction loans are easier to secure than ever. With SpringFi’s online application, it only takes a few minutes to apply. Get started on your small business loan today and a dedicated Loan Specialist will contact you to help tailor a loan for your needs.
Apply
Submit your application securely in minutes.
Connect
We’ll discuss the right
financing option for you.
Fund
Receive financing and start
growing your business.
Why SpringFi
Work with a lender who listens to your concerns and understands your goals. At SpringFi, we’ve helped thousands of small business owners find the perfect financing solution. Our construction business loans are customized to fit the needs and budget of your business.
Construction Business Resources
An Construction business loan is an investment in the growth of your company — but securing financing is only a fraction of what it takes to manage your finances. We’ve put together a list of resources to give you the whole story on loans, taxes, and managing the financial health of your company.
Quick solution with minimal documentation.
They are based off of your business cash flow without the needs of any asserts or collateral. having a low credit score or tax susses is not a deal breaker.
What Clients Say About Us
Frequently asked questions
If you have a query regarding a loan then we are here to your help you can arise your query also.
There are no restrictions on the usage of your funds. Once you’ve received funding, you can use it as you see fit.
The first step to receiving funding is filling out our online application. Once filled out, we’ll get in touch with you to discuss your financing options. Depending on your business needs, you may be eligible to receive funding with the documentation provided in your application. In the case a financing option requires additional documentation, we’ll let you know. Once you’re approved, you can expect financing in as little as 24-48 hours.
Bad credit isn’t normally a deal breaker. Your financing options are based on business cash flow. If your business receives over $5,000 in gross deposits, we encourage you to apply.
Once your application and bank statements are submitted, it only takes 4-10 hours to receive a decision from underwriting. If you accept the offer, we can have the funds in your account in as little as 24 hours.
We can typically finance anywhere from 100% to 200% of your average monthly gross deposits.
Once approved, you’ll receive funding in a few hours. Normally we can fund within 24 hours of receiving the application and banking statements.
There are no penalties for early payment. In some cases, we offer discounts for paying your loan off early.
Yes, we can consolidate existing loans into one note. And we can also fund advances while having existing ones without paying them off. There are options.
Fill out our online application or contact us directly, and one of our representatives will be happy to assist you. Feel free to call us at (347) -778-5195