{"id":2026,"date":"2020-09-30T23:47:30","date_gmt":"2020-09-30T23:47:30","guid":{"rendered":"https:\/\/lizanorita.com\/nmc\/?page_id=2026"},"modified":"2022-09-29T14:19:04","modified_gmt":"2022-09-29T18:19:04","slug":"constructionandcontractorsfinancing","status":"publish","type":"page","link":"https:\/\/lizanorita.com\/nmc\/constructionandcontractorsfinancing\/","title":{"rendered":"Construction & Contractors Financing"},"content":{"rendered":"\t\t
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CONSTRUCTION AND CONTRACTORS FINANCING<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Looking to expand your construction business? You\u2019ll need funds to grow. That\u2019s where a Construction Business Loan<\/strong><\/a> or financing can help. Get financing to purchase supplies, pay your employees or update equipment. Read on to learn about the different types of funding options for your business.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Financing Your Construction Business for Success<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Your clients rely on your expertise and professionalism to build and improve their homes and businesses. In order to provide the type of service that your customers expect, there are a lot of moving parts you need to manage \u2014 including staff, supplies and bills. All of these business needs require cash at your disposal.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Buy Materials and Parts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You just secured a contract to construct 6 single-family homes. The developer has asked that you begin construction in 1 month. It\u2019s a great opportunity for your business but you\u2019re in need of funds to buy the materials you\u2019ll need to Pre-Qualify Now<\/strong><\/a>. A construction business loan can provide you with capital to invest in your new project.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Upgrade Equipment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You bought your CAT excavator circa 2000. The bright yellow has faded to a dull mustard, and rust covers your machine like the countries on a map. You\u2019ve replaced parts as repairs have come up, but you\u2019re overdue for an upgrade. The construction contract you\u2019ve just secured seems like the perfect time to buy that new piece of equipment. After all, it could lead to more business. The right type of construction financing can help.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Fill Invoice Gaps<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If cash flow is a problem, there\u2019s financing that can help. Get funding to supplement your revenue as you\u2019re completing construction jobs and waiting to be paid for them. Small business loans are available to provide funding while you\u2019re in between jobs.
In a recent survey of construction firms by Tsheets, 84 percent reported problems with cash flow, and 19 percent said they dealt with cash flow issues constantly.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Pay Workers<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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According to 2018 data provided by the U.S. Bureau of Labor Statistics, the median pay for construction workers and laborers is about $17 per hour. If you had 5 employees working 40-hour weeks, you\u2019d need to come up with more than $13,000 each month just to pay your workers. That can be challenging when you haven\u2019t yet been paid for the job.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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How to Get Construction and Contractor Financing<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Pre-qualify Online<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To get prequalified, follow our \u00a0Pre-Qualify Now<\/strong><\/a> button and enter some basic business information.<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Approval Status<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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After your submission has been processed, our Business Consultant will reach out with the status and timeframe for approval.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Receive Construction and Contractor Loan Funding<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Upon approval and your acceptance of the offer, funds are deposited directly into your bank account so you can use the money immediately.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\tPre-Qualify Now<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"CONSTRUCTION AND CONTRACTORS FINANCING Looking to expand your construction business? You\u2019ll need funds to grow. That\u2019s where a Construction Business Loan or financing can help. Get financing to purchase supplies, pay your employees or update equipment. Read on to learn about the different types of funding options for your business. Financing Your Construction Business for […]","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_mi_skip_tracking":false,"footnotes":""},"class_list":["post-2026","page","type-page","status-publish","hentry","entry"],"yoast_head":"\nThe Top USA Construction Loans! | nmc.fit<\/title>\n<meta name=\"description\" content=\"Cement? Aggregates? Steel Reinforcements? Timber? Trusses? Contract Labor? All Out of Reach? 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