Get the security of working capital when you need to weather gaps in cash flow.
With a recent increase in new housing and renovations, construction and contracting businesses are on the rise. However, demand can be very seasonal, so you may experience significant dips in working capital. Even during busy seasons, you may incur expenses on supplies and labor for a job before you are paid in full.
You want to be able to take on more work, but that can require working capital up front. Banks typically require extensive credit and financial documentation, and their approval processes are lengthy. Even if you are approved, it can take days to get the small business loan you need – and your opportunity could be gone by then.
At Kabbage, we want to help you cut through the red tape to get the construction loan you need. Kabbage's loans for construction companies are available through a fast, simple application that's fully automated. Provide basic data, and we'll review your business performance to give you the funding you need – up to $250,000.
Loans for construction companies can help business owners take advantage of new opportunities and cover day-to-day expenses, like:
Having the small business funding a loan for construction companies affords helps small business owners be prepared to face the ups and downs of business. This type of small business loan can also provide the peace of mind that comes with knowing you have ongoing access to the funds you need.
Qualify for a line up to $250,000
"<em>Kabbage</em> gave me the working capital I needed to get my contracting business through the slower winter months."
Accessing small business funding shouldn't be complicated or time-consuming, so Kabbage developed a simple way to get up to $250,000.2.