Business, Startups & Finance

Short-Term Financing Solutions for Construction Contractors

A curated selection of lenders and loan products specifically tailored to the cash flow cycles of construction professionals. This list covers equipment financing, lines of credit, and invoice factoring to help contractors manage payroll, materials, and unexpected expenses while waiting for client payments.

ID: 23659
Items: 20
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Fundbox

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Offers a revolving line of credit based on accounts receivable, allowing contractors to access up to $150,000. The platform uses automated invoice factoring, meaning you don't need traditional collateral, and funds can be deployed quickly to cover material costs or payroll.

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OnDeck

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Provides fast-term loans and lines of credit designed for businesses with good credit scores. OnDeck is known for quick approval times, making it suitable for contractors who need immediate capital for urgent job site expenses or emergency repairs before invoicing clients.

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BlueVine

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Specializes in lines of credit up to $250,000 and merchant cash advances for small businesses. BlueVine offers flexibility by allowing borrowers to pay interest only on the amount drawn, which helps contractors minimize costs during slower project phases.

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Fundable

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Aggregates multiple funding options including grants, loans, and equity, helping contractors find the best fit for their specific business stage. Its platform simplifies the search process by connecting users with various lenders who specialize in diverse industry sectors.

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Live Oak Bank

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Offers specialized construction loans and equipment financing with a focus on community impact and personalized service. Live Oak is particularly strong for larger projects, providing construction-to-permanent loans that simplify the transition from building to long-term financing.

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Kabbage (now Amex)

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Provides small business lines of credit with automated decisioning based on real-time business data. Although integrated into American Express, the service remains a popular option for contractors needing quick access to working capital without extensive paperwork.

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Funding Circle

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A marketplace lending platform that connects small businesses with investors for term loans and lines of credit. It offers competitive rates for contractors with established revenue streams, providing predictable monthly payments and transparent fee structures.

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Capital One Business Credit Builder Secured Card

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While primarily a credit card, it helps contractors build business credit which is essential for securing larger loans. The secured nature allows for credit building without high risk, improving the contractor's eligibility for short-term financing products in the future.

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River City Bank

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Offers tailored construction lending solutions with a focus on regional markets and personalized relationship management. They provide short-term construction loans and interim financing options that are flexible enough to accommodate the variable timelines of construction projects.

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Fundraising for Construction

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A specialized resource portal that connects construction firms with alternative capital sources, including debt and equity. It helps contractors navigate complex funding landscapes by identifying niche lenders who understand the unique risks and rewards of the construction industry.

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SmartBiz

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Offers SBA loans and non-SBA options with a streamlined application process. SmartBiz is beneficial for contractors seeking competitive rates through SBA programs, while also providing traditional term loans for those who do not qualify for government-backed financing.

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StreetShares

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An online lending platform exclusively for military veterans and their spouses. It offers competitive short-term loans and lines of credit with flexible terms, designed to help veteran-owned construction businesses manage cash flow and expand operations.

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Main Street Lender

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Provides SBA loans with a focus on accessibility and lower fees for small businesses. Their underwriting process is often faster than traditional banks, making them a viable option for contractors who need funding quickly but want competitive, long-term favorable terms.

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Ampersand

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Offers revenue-based financing specifically designed for service-based businesses, including construction contractors. Repayments are tied to monthly revenue, providing flexibility during periods of fluctuating income and reducing the pressure of fixed monthly payments.

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Business Capital

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Provides invoice factoring and receivables financing to help contractors convert outstanding invoices into immediate cash. This service is crucial for keeping operations running smoothly while waiting for clients to pay, effectively bridging the gap between job completion and payment.

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Lendio

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A lending marketplace that matches contractors with the best lenders based on their financial profile. Lendio offers a wide variety of short-term financing options, including SBA loans, merchant cash advances, and term loans, simplifying the comparison process.

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Northwest Bank

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Offers commercial lines of credit and construction loans with a focus on regional expertise. They provide tailored financial solutions for construction firms, helping contractors manage project costs and navigate the complexities of construction financing with personalized support.

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LiveCap

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Specializes in revenue-based financing for growing small businesses, including construction companies with consistent cash flow. They offer flexible repayment terms that scale with revenue, allowing contractors to maintain liquidity during peak and off-peak seasons.

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Fundrise

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While primarily an investment platform, it offers opportunities for construction firms to raise capital through real estate crowdfunding. Contractors involved in development projects can leverage this platform to attract investors, though it is more suitable for larger-scale ventures.

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Kabbage Auto

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Specifically designed for businesses that spend heavily on vehicles, this line of credit helps contractors manage costs for trucks and equipment. It provides flexible access to funds for fuel, maintenance, and purchases, ensuring vehicles remain operational and profitable.