Construction Business Funding

Faster, easier small business financing with one simple application.

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Empowering Your Construction Business 

Approvd knows construction businesses inside and out. In an industry where juggling multiple tasks and managing tight deadlines is the norm, having the right financial support can make all the difference. We simplify the process by offering a diverse range of financing solutions specifically tailored to your company’s growth and operational needs. Whether you’re looking to purchase new equipment, hire additional staff, or cover unexpected expenses, our funding options are designed to empower your projects and streamline your operations.

Utilize these funds to your advantage, ensuring that you can tackle every aspect of your construction projects with confidence. Don’t let financial hurdles slow down your progress; with Approvd, you can access the right funding precisely when you need it. Our user-friendly application process means you can quickly secure the capital necessary to keep your projects on schedule and within budget.

Quick Access to Capital

Time is crucial in the construction business, and delays can be costly. Approvd provides quick access to capital, enabling construction companies to respond promptly to project demands, seize new opportunities, and avoid disruptions caused by cash flow gaps.

Support for Growth & Expansion

If you’re looking to expand your construction business by taking on larger projects or entering new markets, Approvd can provide the financial backing needed to fuel your growth. With our funding options, you can confidently bid on bigger contracts and scale your operations.

 

Bridge Capital for Project Delays

Construction projects often face delays due to unforeseen circumstances like weather, supply chain issues, or permit holdups. Approvd’s bridge capital solutions help you manage these delays, ensuring that your business stays financially stable while you wait for project completion and payments.

 

Simplified Application Process

Applying for funding through conventional methods can be time-consuming and complicated. Approvd simplifies the process with an easy-to-navigate application system, allowing you to focus on your business rather than paperwork. You can secure the funding you need with minimal hassle.

We understand the unique financing needs of construction businesses. Approvd simplifies the process by connecting you with a network of trusted lenders. Submit one application and receive multiple competitive offers.

Applying is simple

1. Complete our short application.

Our quick application process only takes a few minutes to complete.

2. Compare competing offers.

Improve your funding odds and compare offers from multiple lenders.

3. Secure and receive funds.

Accept an offer and get funds as quick as the same day!

Apply Now

 

Frequently Asked Questions 

How do construction business funding work?

Construction business funding provides essential working capital to support your residential, commercial, or mixed-use projects. While there aren't industry-specific funding products, you can find financing structures that align with your business goals.

What is a construction business funding?

Construction business funding provides tailored financial support for small businesses and contractors in the industry. These loans are designed to meet the specific needs of construction projects, offering funds for materials, labor, bridging capital, and equipment.

Construction business funding provides flexibility in financing. Disbursements are made incrementally, ensuring that businesses borrow only what they need at each stage. This helps optimize cash flow, and upon project completion, these loans can often be converted into a longer-term structure.

Where can you get a construction business funds?

When searching for a lender, you have various options, such as private lenders, banks, credit unions, and the Small Business Administration (SBA). These institutions can offer loans tailored for your construction business

Private lenders
Also referred to as hard money lenders, private lenders can provide funding more quickly and with fewer strict qualification criteria. However, this convenience often comes with higher interest rates

Banks and credit unions

Banks and credit unions typically provide more competitive rates and terms compared to other lenders, but they often have stricter qualification requirements.

SBA loans

Banks, credit unions, and other financial institutions frequently offer SBA loans, which are backed by the Small Business Administration. While these loans carry less risk than other types, they often take longer to fund.

How can you use a construction funds?

Acquire land:

You’ll need to purchase land before starting any construction project. Whether you're building a house, a mall, or a hotel, you can use funding for your construction business to acquire the necessary land.

Purchase construction materials


Whether you’re involved in residential or commercial construction, buying materials is essential for the success of your project. Construction business funding can provide the capital needed to purchase these materials before or during the project.

Compensate for labor


As a construction business owner, labor costs are likely to be one of your largest expenses. A construction business loan can help you provide your employees with the fair compensation they deserve.

Pay for subcontractors


Eventually, you may need to hire subcontractors for specialized tasks in your construction projects. Construction business funding can supply the capital required to pay their fees