Construction Business Loans

Low-interest financing opportunities for construction companies, contractors, and skilled professionals

Receive approval and funding on the same day as your application. There are no penalties for early repayment, and the loan terms are transparent.

Won’t impact your credit

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Contractors and construction specialists love us because we treat them like family and offer the most favorable loan terms.

Fast application process

Your time as a business owner is valuable. So our online application takes just two minutes to complete and get instant approval.

Expert loan advisors

Your dedicated construction loan advisor will do all the paperwork and get you funds the same day. It’s that simple.

Best Business Loans for Contractors & Construction Companies

Operating a construction business demands significant capital investment. It necessitates the acquisition and maintenance of construction equipment, the recruitment of personnel to facilitate growth, and the promotion of services to attract clientele. A steady cash flow is imperative for success in this industry. This is where Configure Capital offers its expertise—we provide working capital to construction companies to ensure optimal operational capacity.

It is important for business owners to concentrate on core activities rather than preoccupying themselves with fluctuations in seasonal cash flow. We offer reliable support in this regard. Our commitment lies in assisting contractors in their pursuit of the American dream. Regardless of whether your enterprise focuses on substantial construction projects or smaller residential renovations, we are equipped to furnish the necessary financing to propel your endeavors forward.

Benefits of Construction Loans

The construction and renovation sectors, encompassing both residential and commercial real estate, are experiencing significant growth. This expansion has led to increased opportunities for builders, general contractors, and specialized trades professionals such as electricians and plumbers.

However, in light of seasonal consumer demands, access to working capital has become increasingly paramount. Even during peak seasons, businesses have the option to utilize commercial construction loans to cover expenses such as supplies, payroll, and general operational costs. There are numerous loan programs available to meet your specific requirements.

No Personal Guarantee Needed

Unsecured construction loan lenders at Configure Capital do not impose collateral requirements. We specialize in providing small business construction loans across the United States, from Maine to California, ensuring that we satisfactorily address your financial needs.

On-Demand Approvals

Secure financing within 24 hours of your loan application submission. Regardless of your credit status, whether strong or less favorable, we are adept at assisting you in obtaining funding promptly. As a business proprietor, your time is of the utmost value; thus, it is imperative that you do not expend days or weeks in discussions with lenders to secure the required capital.

Buy Your Own Equipment

Many construction companies find themselves utilizing subcontractors due to insufficient equipment. By obtaining an equipment loan from Configure Capital, you can acquire the necessary equipment to enhance profitability in the long term.

Grow Your Team

The most effective approach to foster growth within your enterprise is to consider the recruitment of additional staff. When the demand for services exceeds your current operational capacity, it is prudent to expand your workforce. Utilizing a working capital loan may facilitate the hiring of personnel until the new projects begin to generate revenue.

Flexible Financing

Facilitating access to capital during critical periods is essential for the sustainability of contractors and construction enterprises. Our loan products are designed to provide swift borrowing solutions with flexible repayment terms.

Full Transparency

What you observe reflects the full scope of our offerings, with no concealed fees or ambiguous terms. We are committed to maintaining a lending process that is straightforward, clear, and transparent. You will be assigned a dedicated advisor to assist you throughout the entirety of the process.

Meet your Configure Capital advisors

We make sure you’re getting the best fast business loan, and set your company up for success. See how it works →

Minimum Requirements

The following delineates the minimum requirements necessary to qualify for a construction business loan with Configure Capital. Regardless of your credit history, your loan advisor will provide assistance throughout the funding process.

$10,000 in Gross Monthly Revenue

Your business must be earning at least $10,000 per month (on average) in a business bank account.

500+ Credit Score

You can get a construction loan with any credit score. But the higher your creditworthiness, the better the interest rates lenders can offer.

At Least 6 Months In Business

Your company should be operational for more than six months. This gives confidence to lenders that your business is able to pay back the loan over time.

Have a Business Bank Account in the United States

Your Configure Capital advisor will need three to four months of your most recent bank statements to verify income. Have your statements ready to speed up the funding process.

Small Businesses ❤️ Configure Capital

Highly recommend Configure Capital to other contractors

I called Configure Capital when I had an opportunity to bid on a new construction and roofing opportunity. Without the working capital provided by Configure Capital, I would not have been able to buy the materials and hire the labor necessary to complete the job. I know that I can count of them in the future to help support my company’s growth.

George S.

Shane at Configure Capital is the best

I’ve had the pleasure of working with a few lenders, but I have to say, Configure Capital really stands out! Their loan helped me finish two projects ahead of schedule, which was fantastic. And the team there is just so sweet and accommodating. I worked with Shane, and he is absolutely amazing!

Ricardo P.

It was a breeze working with Configure Capital

If you are involved in the construction industry and require financing options, you need not look any further. Every contractor understands the challenges associated with project financing. I experienced these difficulties firsthand when my business encountered a challenging phase. However, after securing a loan, I was able to complete my project successfully, thereby ensuring client satisfaction.

Pauli M.

The 5 Best Loan Options for Contractors

Given the variety of business financing products offered by lenders, the process of securing a loan can often be complex. We have successfully provided funding to numerous construction business proprietors. Below are the loan types that are most advantageous for small business owners in the construction sector.

1. Short-Term Loans for Construction Companies

Short-term loans are a traditional financing option with no collateral for contractors. A lender provides a fixed lump sum with a specified interest rate that you pay back to the lender based on set repayment terms.

Advantages of Short-Term Loans

Get quick funding in one to two days.
No collateral is needed to secure a loan.
Both good and bad credit scores can get approved.

Apply for Term Loan

2. Business Line of Credit for Construction Companies

Think of a business line of credit as being similar to how credit cards work (with lower interest rates than credit cards). You are approved for a credit limit by a lender with a specified APR. You only pay interest on the amounts of funds you withdraw from your total credit line, just like a credit card.

Advantages of Line of Credit

You only pay interest on funds you use.
It’s always available to use when a need arises.
Improve your personal credit score in the process.
Pay no penalty for prepaying the balance.

Apply for Line of Credit

3. Equipment Loans for Construction Companies

Equipment is the lifeline for all construction business owners. Contractors are always buying or repairing existing ones. With equipment financing, the lender gives you 100% of the loan amount to purchase your equipment. The equipment serves as the collateral needed for the loan. The structure is very similar to getting an auto loan with monthly payments.

Advantages of Equipment Financing

A good credit score isn’t a requirement (since the equipment serves as collateral).
Minimal paperwork is needed.
Get competitive loan APRs.

Apply for Equipment Loan

4. SBA 7(a) and Microloans for Construction Companies

As the holy grail of small business loans, SBA loans are partly backed by the federal government. While interest rates for SBA loans are low, the process of getting one is lengthy and full of paperwork. Your credit score also needs to be in good shape to get approved. We help construction business owners secure SBA loans if their capital needs are further out into the future.

Advantages of SBA Loans

SBA loans are partially backed by the U.S. Small Business Administration (SBA), providing additional security for lenders.
They typically offer more competitive interest rates than other financing options.
SBA loan funds can be used for any working capital needs, offering flexibility.
They often have long loan terms, giving you more time to repay.

Apply for SBA Loan

5. Invoice Financing / Factoring for Construction Companies

Contractors are used to having multiple outstanding invoices that are in the process of getting paid. If that’s the case for you, invoice factoring lets you get up to 100% of the invoice value from a lender. Factoring is primarily only for business-to-business (B2B) companies. So, if your services are geared towards consumers, opt for a short-term loan or business line of credit instead.

Advantages of Invoice Factoring

It provides instant access to capital without waiting for customers to pay their invoices.
Your invoices serve as collateral, eliminating the need for a personal guarantee.
Approval typically depends on your customer’s credit rating rather than your own.

Apply for Invoice Factoring

Types of Construction Business Loans

Below are common funding solutions that we’ve provided to construction companies. Your Configure Capital advisor will guide you through all options so you can make the best decision for your specific needs.

You deserve low rates and an honest construction lender who has your back.

From our humble beginnings in 2018, we remain committed to helping American businesses achieve success. We keep things simple, convenient and transparent. Read our manifesto →

FAQs About Construction Business Loans

Expedited access to funding constitutes a significant advantage for your business. Should you wish to acquire additional information, please find below comprehensive responses to frequently asked questions regarding construction business loans, as provided by proprietors in similar situations.

What Are the Construction Loan Rates?

APR on construction financing depends on a few weighted factors and varies based on the borrower and lender. At Configure Capital, we offer low interest rates, starting at 7%.

How Hard Is It To Get a Construction Loan?

The chosen method of funding significantly influences the ease of accessing financial resources. Traditional banking institutions typically impose stricter requirements and involve a considerable amount of paperwork, which may result in delays. Conversely, the loan application process is generally more streamlined and expedient when utilizing online lenders. For guidance on securing a prompt business loan, please consider engaging with Configure Capital.

What Are the Requirements?

Eligibility factors include credit scores, time in business, and company revenue. A credit score is usually the main component considered, although borrowers with all types of credit can be approved.

How Can I Get a Construction Loan with No Money Down?

Lenders have different factors they use to determine how much capital is needed for a down payment. Although this amount varies, a 20% deposit is common. If you prefer funding with no money down, speak to an adviser at Configure Capital to discuss your options.

Types of Businesses We Fund

Configure Capital is pleased to offer construction business loans to enterprises operating within the United States. Below are several types of companies that we serve:

General contractors
HVAC specialists
Plumbers
Electricians
Remodelers & renovators
Owner-builders
Real estate developers
Construction managers
Architects & design professionals
Subcontractors & specialty trades
Landscapers
Roofing companies
Masonry specialists
Painters & decorators
Flooring & tiling specialists

Ready for a Construction Business Loan?

Get quick approval when you apply online. APRs start at just 6%. Won't impact your credit and there is no collateral needed.

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