Construction Loans – Clear Focus on Construction Business
At Construction Loans, we deploy both debt &/or equity capital to revenue generating construction companies, contractors or sub-contractors even if it’s a consolidated well-established construction company or if it’s just starting.
Construction Loans can solve financing problems for contactors, construction companies, entrepreneurs in all states with focus on California, New York, Florida, Washington DC, Georgia, Nevada, and Texas as well as internationally.
For each construction company, for all contractors, for all entrepreneurs, as well as for private and public companies, Construction Loans financing options are not limited to traditional debit/credit or equity.
Construction Loans permanently builds great long-term relationships with each entrepreneur, with each construction company, with each contractor, small or very large, well established with a long history or someone just starting the construction business that seek entrepreneur-friendly environment and construction company-friendly capital solutions to support opportunities that coincide with our investment structures.
Construction Loans provide complete assistance related to Entrepreneurs Funding as well as public and private company finance, including but not limited to:
Convertible Note Financing (QB and NASDAQ)
Purchases of Aged Debt and 3rd part blocks of stock
Other Corporate Bonds
With the methods of Construction Loans, the result is a set of known milestones that result in cash before the securities are sold that management can rely upon to drive the construction business to new levels.
Construction Loans, as a financing partner, provides capital throughout the lifecycle of all construction businesses, construction companies, entrepreneurs, contractors and can continue to provide funding for mid-term, a number of years.
Construction Loans Are Essential to Expand Your Construction Business, to Go National and International.
With construction loans, you get working capital for your construction business, so you can get more profitable contracts, open new construction sites, and significantly improve your cash flow, reserves and flexibility. Construction loans can help you offer very flexible payment terms to your clients, while maintaining maximum profitability.
Meeting Construction Loans Funding
To fix a meeting with Construction Loans Funding first select, exploring this website the best fit for you, and only then send your request to Meeting@ConstructionLoansFunding.com mentioning the loans, lenders and funding you want. Meetings will be held at your office, at the construction site, another suggested location or at 77 Water Street, Manhattan, NYC, New york, 10005.
Construction Loans Providing Working Capital for Contractors
Construction Loans Funding knows how valuable business financing can be. However, we also recognize that getting you your money quickly is just as critical.
Construction Loans – Moving Fast
At construction loans we understand that you need business funding, you need it today, not tomorrow. That’s why we’ve dedicated ourselves to making it easier than ever for owners of construction businesses to obtain quick business loans.
Construction Loans Are Provided for New Businesses, as well as Consolidated Businesses
For construction loans it doesn’t matter if you’ve recently started your business or have been around for years, building a solid business credit profile is an important step to make sure you have access to all the financing options you need to build a thriving business.
Construction Loans Related to Your Credit Score
Construction loans will help you build business credit by reporting your good payment history to the appropriate business credit bureaus. You can also work with one of our Credit Specialists, who can help you navigate things like Secretary of State filings and improving your credit score.
Construction Loans – Business Opportunity
Construction Loans knows what is to just pass on an exciting business opportunity. Have you ever had to pass on an exciting business opportunity because your construction company didn’t have enough cash? If so, you know how frustrating it can be.
Construction Loans Diversified Construction
Construction loans will help you regardless of what type of construction you specialize in, whether it is flooring, demolition, electrical, roofing, HVAC, or another trade, you know that every type of construction project involves estimating, budgeting, purchasing materials and equipment, and hiring skilled labor.
Construction Loans – Fast Loans
Construction loans are a must for you, to be able to move ahead in case of under-estimated projects and over-budget jobs…buying expensive materials weeks before sending an invoice…permitting delays. These are all common challenges in the construction industry. Very often, contractors are unable to come up with large sums of cash on demand. You could try your local bank. The challenge here is that traditional bank loans take forever to process. And worse, forever to repay.
Construction Loans Terms
The construction loans payback terms are between 3 months and 18 months, this is a short term loan. Payments can be daily, weekly, or monthly. Since the minimum qualifications are less intensive than those of banks, you do not need excellent credit to qualify. Shorter term working capital loans give your business more flexibility. Simply, you can adjust your working capital needs more often.
Construction Loans – Small Business Owners
If you’ve ever heard the adage, “It takes money to make money,” you must be a small business owner. Fortunately, there are more small business loan types available today from construction loans than ever before—you just need to know where to look and what to look for. You don’t need to be a financing expert to build a successful business, but you do need to consider all the business loan options available to determine which one is best to meet your business need.
Construction Loans – Well Capitalized Lenders
Construction loans only work with lenders that we have vetted as being well-capitalized and reputable.
Construction Loans Diversified Portfolio
Construction loans offer a broad portfolio of financial products to provide the working capital our clients need.
Construction Loans Multiple Lenders
Construction loans are available from multiple lenders. Multiple lenders mean we are able to secure the lowest possible rates and best terms available.
Construction Loans for Small and Large Contractors
Construction Loans Funding specializes in working with contractors that generate $2,000,000 to $20 billion in annual revenues.
Construction Loans New Businesses
Construction Loans Funding is changing the way construction businesses think about financing. We get to know our clients first, and then help them secure the best financing options for their business needs. With over 100 partnerships with banks, hedge funds, alternative lenders, and private equity companies, our team is well equipped to deliver world class working capital solutions.
Construction Loans Added Value
Construction Loans Funding arranges financing for businesses in the construction industry. We add value for our clients by removing the time, energy, and guesswork out of securing working capital.
Construction Loans Leverage Capabilities
Construction Loans Funding will always leverage our large network of commercial lenders to provide construction contracting businesses with the largest selection of working capital options. Our goal is to secure the lowest possible rates and best terms available.
Construction Loans for Construction Business
Construction Loans Funding is obtaining working capital for your construction business. Sometimes the funding approach is not the right one. One of our strengths is that we will continue to help your contracting business secure financing, even if your initial sources didn’t work out.
Construction Loans Providing Working Capital for the Construction Industry
Working capital can be used to:
Take on larger jobs
Construction Loans and Your Competitive Advantage
Construction loans knows that giving you time to focus on the business and customers and, very important, giving you a significant competitive advantage.
Construction Loans – The Best Fit
Construction loans will always work directly with one working capital source and choose the business financing that is the best fit for your construction business. You can receive a free quote that will not affect your credit score. Most credit decisions are made within few days.
When Should a Construction Business Get a Construction Loan and a Line of Credit?
Just as an example, your construction business has a 3-4 years of great profitability. Within a matter of months, construction business encountered a perfect storm of difficulties and recently found himself facing a severe cash flow crunch. This is one of those things that seem particularly prevalent among small businesses in growth mode.
Apply for Construction Loans, Even You Think You Don’t Need Them
The point is that when everything is going great and you have plenty of cash, it seems a waste of time to set up a line of credit. However, that’s exactly when you should apply…when you don’t need it.
Once you need a line of credit (or finally admit to yourself that you need it), the chances are pretty good that your balance sheet and bank statements will look less than ideal, and it’s these documents that creditors want to look at to determine your company’s health. When your business is in good shape and your financials look strong, the better the offer you’ll probably get from a financing company.
When it comes to a line of credit, one of the biggest factors that non-bank lenders use to evaluate a potential client is cash flow. This is usually reflected in your bank statements. They typically look at the last three months of a business’ bank statements, and in some cases, they look at 12 months. Many lenders are actually less interested in your income or even your profit figures and more interested in whether you are able to pay off debt.
One of the peak times to consider a line of credit is if you are headed into a slow season. It would be a mistake to wait until your cash flow is strained to apply for a credit line. Plan ahead and secure a credit line before the temperature drops and snow hits the ground.
Of course, every business goes through rough times. That’s why it’s best to be prepared for and even anticipate them. Yes, it would seem counter-intuitive to apply for financing when you don’t need it. But applying for a business credit line when your business is doing well is a smart way to be ready for cash crunches.
Construction Loans Funding offers its clients an unsecured revolving line of credit up to $50,000,000.
Growing Your Construction Firm with Construction Loans
Growing a business and watching it flourish is satisfying, gratifying and motivating. While successful growth is great, attempts at growth in the construction industry are also one of the biggest causes of total failure. Taking growth slowly and making sure you’re set with a steady foundation to build upon is key to grow upwards and onwards without straining (or even killing) your business.
Are You Actually Ready to Grow with Construction Loans?
Before you decide to aim higher and grow further, check in with your current business situation to ensure you have the foundation and stability to do so. Ask yourself the following questions to assess the position you’re in and determine the probability of success in your future growth endeavors:
Do I have a lot of repeat customers?
What do my past customers think about my work?
Are past customers referring my work to others?
Does my construction company culture follow our mission in all we do?
Does my construction company have have set procedures and systems in place to manage safety, training, and maintenance of work quality?
Does my construction company have the financial capability to reward my team for increased workload and fund new hires and other new assets?
These questions will unveil how confident you feel in your construction company’s ability to remain successful through a period of (possibly tough) growth. If your answers to these questions are overwhelmingly positive, then you’re probably at a great place to start growing.
Consider Growing Your Best Asset with Construction Loans
A strong place to begin your growth strategy is asking yourself what your company excels at the most and figuring out how you can do more of that. If you already know that your performance is high in this area and the customer response is repeatedly positive, then you can probably handle doing more of it on a larger scale. Instead of trying to expand in unfamiliar territory, stick to something that is familiar and strong to begin with.
Three easy ways to expand your core competency include acquiring a company that does the same kind of business you’re looking to expand upon in a different location, adding a specialty within that already-strong service, or attracting new and higher-paying customers by offering luxury options.
Consider the Construction Loans and Capital Needed for Growth
You may need to get more construction loans to keep up with the heavier load. Make sure to get construction loans that can lend you a hand on your way to the top rather than slow you down. Be intentional with your construction loans in order to be able to handle the coming changes within your company. After all, the construction loans can really make or break a season of growth.
You must also consider the financial cushion needed to grow. You’ll need funding for new hires, pay raises, equipment, and other assets. Don’t step up to this challenge if you don’t have more than enough construction loans to fund the changes. As growth in construction can be risky, make sure you have enough to fall back on if all else fails.
How to Improve Cash Flow in Construction with Construction Loans
The old saying “cash is king” is true. It is vital for a construction contractor to generate positive cash flow on a monthly basis. Paying employees, subcontractors, and suppliers on a timely basis can only be accomplished when a contractor prioritizes income and expenses. A construction company that is consistently operating at a loss might fail. However, a company that is consistently suffering from negative cash flow will definitely fail.
Here are a few tips that can help you understand and manage cash flow in order to maintain strong working capital for future projects.
Understand what Drives Your Cash Flow
Reviewing balance sheets and income statements are very important, but reviewing and understanding your cash flow report will help your contracting business better understand the sources and uses of cash during specific time periods. This will help in better understanding how your cash flow is being used and whether your business is building or draining cash.
Spread Out Costs
Unless receiving a steep discount, your construction company should purchase materials and supplies using financing. Obviously, this could mean paying interest, but it will spread out required payments, which will leave more cash in the business for operations.
Shop for the Best Prices
Every supplier wants business. If you let them know you’re shopping for the best offer, a supplier is likely to give you the best deal possible, especially if you’re not bluffing and willing to walk away. By reducing costs, you’re freeing up cash.
This is a much different situation in construction than in most businesses. In construction, employees are almost always paid on a weekly or bi-weekly basis. To improve cash flow, you could hire subcontractors that only require payment every four weeks. This should only be done in special situations because you tend to get higher quality results from permanent, full-time employees.
Quickly Process Change Orders
Change orders are common in construction, and they’re often the result of a project requiring more time, money, and resources than originally planned. Bad weather also can play a role. You should process a change order immediately, rather than waiting until the project is complete. That money needs to be received quickly, which will positively impact cash flow.
Train the Project Manager on Cash Flow Management
In construction, 80 to 90% of cash comes from project work in progress, which means cash flow performance depends on the project manager’s cash flow management. In addition to training, an effective strategy is to offer an incentive to the PM based on cash flow performance.
Avoid Over-Billings and Under-Billings
Some project managers will take pride in over-billing. Since this means the invoice will be higher than the job completed to date, it will increase current cash flow. The downside is that it will reduce cash flow when the project is completed. If under-billing, cash flow will take a hit in the near term. The best approach is to bill according to how much of the project has been completed.
Speed up the Receivables Process
All invoices should be automated and sent as soon as possible. If you want to maximize cash flow potential, send invoices ahead of time. Look for ways to better improve the collection process. Understand customer preferences for billing. Can the invoice be emailed versus mailed? Is all contact information for the customer up to date to ensure timely receipt of the invoice?
Having a goal greatly increases the odds of success. The average time it takes to get paid in construction is between 60 and 90 days. Strongly consider setting a realistic goal to reduce that number to 30 days. You can do this by sending immediate invoices, offering payment incentives, writing clear terms, checking credit reports prior to making any deals, and restructuring terms with non-payers.
You can also accept electronic payments to receive your money faster. This will increase cash flow and allow for more capital to be used for day-to-day operations, payables, and growth.
For alternative funding solutions, visit Construction Funding.
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Construction Loans Are Essential to Expand Your Construction Business, to Go National and International. With construction loans, you get working capital for your construction business, so you can get more profitable contracts, open new construction sites, and significantly improve your cash flow, reserves and flexibility. Construction loans can help you offer very flexible payment terms to your clients, while maintaining maximum profitability. Construction Loans can solve financing problems for contactors, construction companies, entrepreneurs in all states with focus on California, including but not limited to Los Angeles Angel Investors, angel investors San Diego, New York, Florida, Washington DC, Georgia, Nevada, and Texas as well as internationally. For each construction company, for all contractors, for all entrepreneurs, for investors, Real Estate Investors Los Angeles, and even the most important Private Money Lenders in California, angel investors in Los Angeles, accepting even projects from Federal Home Loan Bank of San Francisco, even from San Francisco Investors, as well as for private and public companies, Construction Loans financing options are not limited to traditional debit/credit or equity. Construction Loans permanently builds great long-term relationships with each entrepreneur, with each construction company, with each contractor, small or very large, well established with a long history or someone just starting the construction business that seek entrepreneur-friendly environment and construction company-friendly capital solutions to support opportunities that coincide with Construction Loans investment structures. Visit Construction Loans on ConstructionLoansFunding.com
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