You front the job. The funding covers the wait.
Contractors pay for materials, crews and equipment weeks before a draw comes through, and retainage holds back a slice of every invoice until the very end. Funding for construction is about bridging that gap without stalling the next job.
The problem
A job starts with money leaving: deposits on materials, the first payroll, a rental on equipment. The first draw arrives when the work is inspected, and retainage waits for final sign-off. Meanwhile the next bid needs a bond, a deposit and a crew that has to be paid this Friday.
It is seasonal too. Winter slows exterior work in half the country, and a wet spring can push a whole month of billable days. A business that is profitable over the year can still run short in March.
Funders know all of this. Some treat construction as contract-dependent and look closely at how the work is billed; others specialise in it. Knowing which is which is what saves a file from a decline it did not need.
- How you get paid
- Progress draws and retainage, 30 to 90 days after the work
- Where the gap is
- Materials, payroll and equipment before the first draw
- What tends to fit
- A line of credit, equipment financing, revenue-based financing
How we help
A line that follows the job
Draw against the line when materials are due and pay it down when the draw lands. You pay only on what is out, only while it is out.
Equipment that pays for itself
Excavators, lifts and trucks financed against the machine itself, with payments set against the work it does.
Files sent where they will be read
We put construction files to the funders that fund contractors, with the contracts and the draw schedule that show how the money comes back.
What usually fits
Which one, or which two, depends on the file. These are the ones we reach for first with construction.