Construction Business Loans, Financing & Funding
We provide construction business loans to a wide variety of businesses, such as residential and commercial construction companies!
We're a Funding Partner
with a Proven Track Record
Since 2008, we've grown with the companies we support.
What are Construction Business Loans, Financing or Funding?
Construction business loans help companies in the residential and commercial construction industry get the funding they need to complete projects on budget and on time. A small business construction loan can be used to pay workers, rent equipment, buy building materials, and more to ensure that all contracted work can be completed and paid for.
How Construction Business Loans & Financing Work
Small business construction loans are short-term loans that businesses use to complete construction of a residential or business property. Once the project is done, the buyer pays the construction company either through lending of their own, or in cash. Construction business loans can help pay for all the different operations of a construction enterprise whether large or small.
Use Cases
How To Use a Construction Business Loan
There are many ways to use a construction business loan. Everything from equipment, repairs, payroll, building supplies, and more can be funded using a variety of types of business loans.
Learn Why Us-
Cash Flow
Need more cash flow? Cash flow problems are often solved when you use the right construction finance loan.
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Equipment
Buying millions of dollars worth of equipment is near impossible for the average person. That’s why it’s good to use commercial construction financing.
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Inventory
You need supplies on hand to complete your building projects. No one wants to be waiting on materials because you ran out of money. Use construction business loans to help.
Why Apply for a Construction Business Loan?
Take Additional Projects
It’s great to take on multiple projects when the seasons are nice. Using a construction business loan gives you the freedom to work on more than one build and have plenty of money to do it.
Cover Payroll
You can often wait months before a construction project is complete and the bill paid in full. Using financing for construction projects gives you enough for payroll as well.
Pay for Tools & Equipment
Always losing tools on the jobsite? Or perhaps you just need to replace items that break. Construction business financing gives you the resources your need to pay for all your building tools and equipment.
Minimum Eligibility Requirements for Construction Business Loans, Financing & Funding
Getting a construction loan is easy when your business meets these minimum requirements. Find out how much you can get for your business when you apply today.
| Time in Business | Minimum 6 Months |
|---|---|
| Business Annual Growth Revenue | $240K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 570+ |
| Other Financing | None |
| Bankruptcies | None open |
Better Your Business With Fora Financial’s Construction Business Loans & Financing
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Pay for Construction Materials
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Hire Seasonal Employees
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Manage Safety Standards
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Have Cash for Payroll
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Start New Building Projects
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Pay for Necessary Tools
Case Studies
Fast Capital for Fast Repair
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Funding Amount: $200,000
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Industry: Railroad Equipment Repair
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Use of Funds: Equipment
Learning Growth
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Funding Amount: $825,000
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Industry: Education
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Use of Funds: Inventory
Powering Growth in Electricity
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Funding Amount: $775,000
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Industry: Commercial & Residential Electric
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Use of Funds: Personnel and Equipment Upgrades
Featured Funding
Bridge Funding
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Funding Amount: $2,000,000
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Industry: Construction
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Use of Funds: Bridge funding
Technology and Data Services
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Funding Amount: $700,000
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Approval Amount: $1.1 Million
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Industry: Technology / Data Services
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Use of Funds: Cash Flow Liquidity
Communications Expansion
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Funding Amount: $1 Million
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Approval Amount: $1.2 Million
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Industry: Telecommunications
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Use of Funds: Expansion
Featured Funding
Stabilizing Growth
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Initial Funding Amount: $750,000
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Add-on Opportunity: $450,000
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Industry: Manufacturing
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Use of Funds: Financial Stability, Growth
Automation Growth
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Funding Amount: $300,000
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Approval Amount: $450,000
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Industry: Manufacturing / Automation
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Use of Funds: Working capital
FAQs About Construction Business Loans, Financing & Funding
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The different types of construction loans are land development loans, A&D loans, mini perm financing, SBA construction loans and construction loans.
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It depends on your needs. If you are building a property that you will keep as a business asset and then rent or lease out, you would want a permanent loan. If you plan to build a property and then someone else will own it in the end, mini perm financing might be a better solution.
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When you find yourself running out of money when it comes time for payroll or you’d like to do multiple projects at once, you might need a construction business loan. Other reasons include boosting inventory, repairing equipment (check out this handy guide on “How Much Should Heavy Equipment Repair Cost”) and hiring more workers.
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Yes, SBA loans can be used for construction. If your company qualifies, they will inform you of all the loan terms.
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Yes, there are tax benefits on construction loans. Talk with an accountant to learn how to take advantage of these benefits.
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Yes, most lenders require 20% down for new construction loans.
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Interest on commercial construction loans is only assessed on the amount that has been dispersed. You will only pay interest on the loan amount that your business has received.
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A construction loan is a great idea if you want to have better cash flow, increase the number of projects you can do at once, and if you want to fund new equipment, tools, and inventory.
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Many lenders can approve construction business loans within 24 to 72 hours. Funds are usually available within a few business days. Larger, more complex loans may take longer.
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Yes, construction financing can be used to manage unexpected expenses, such as material price increases, emergency repairs, or project delays.
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Some construction business loans are secured, requiring collateral such as equipment, vehicles, or property. Unsecured options are available but may come with higher interest rates.
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Yes, commercial construction financing can be used to pay for subcontractor services, temporary labor, and specialized professionals needed for your projects.
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Yes, equipment financing is a common type of loan that helps construction businesses purchase or lease essential machinery and tools.
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Yes, some construction business loans can be used to purchase land, particularly if the land is part of a development project.
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Terms of repayment differ according to your lender. On average, repayment ranges from 6 months to several years — again, depending on the construction business funding type, lender, and project timeline.
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Yes, refinancing can help construction businesses secure better interest rates, reduce monthly payments, or extend repayment terms.
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Yes, timely payments of commercial construction loans can improve your business credit score, while late or missed payments may have a negative impact.
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Many construction finance companies allow early repayment, but some may charge prepayment penalties. Reviewing the loan terms beforehand can help you avoid unexpected fees.
What Sets Us Apart from the Rest
Get Financing Today
Get started with your application and join Fora Financial's family of forward-thinking businesses.