Construction Financing

Those individuals running a business in the construction industry will know that it has been hit hard by the global financial crisis. Commercial and residential construction businesses are all suffering as a result of the drop in demand for property and real estate, which has had a dramatic effect on turnover and profits. If you’re in the construction business and your company is ailing a little due to the tough times we’re in, make sure you read the rest of this article to see how our alternative construction financing can help you.

We offer up to $1 million

Our alternative lending comes in the form of a business cash advance. Lots of people dismiss cash advances as short term methods of borrowing for small sums of money; this could not be further from the truth. We lend up to $1 million for each cash advance that we issue; so it’s pretty clear that cash advances are a good way of borrowing large sums of money – not just small amounts to tide you over for a few weeks or months.

Cash advances are a flexible way of financing your business; perhaps the biggest advantage of using a cash advance is the fact that there are no fixed repayments. With a bank loan you’d be tied down to repay X amount each month; that’s not the case with a cash advance. Instead you’ll only pay back a percentage of your monthly sales, so obviously if you have a good month sales wise you’ll pay back more than you would in a quiet month. This ensures that businesses aren’t snowed under with repayments they simply can’t afford.

Using a cash advance

Unlike with a bank loan or another form of borrowing, you’re free to do whatever you want with your business cash advance – within reason. Some people come to us because their cash flow is in dire straits, whilst other people come to us because their business is performing well, but they’ve spotted an area in which they can scale things up or expand and would like the capital to do so. It doesn’t matter which of these situations applies to you – if you need construction financing for whatever reason, pick up the phone and give us a call! If you don’t want to call you don’t have to – you can always fill out our short application form and one of our representatives will get back to you.
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