Today Funding
Commercial Contractor Funding
We provide loans to contractors that need cash to get a project started.
We keep your projects moving and bid on larger projcts with these approved use of funds:
Here are some parameters of our program:
1. We can not fund startup companies. Our board requires that the company be in business for at least a year, with past performance proving they can do the work. If this is their first job, for example, it would be a no-go.
2. We can loan up to 20% of the total contract value (less retainage), with repayment required within 5 months.
3. Funding loans are job-specific, so we need a contract or purchase order in place to lend against. ( Note: We can issue pre-approval letters if the applicant is in the process of securing a contract.)
4. For new clients, our loans range from $25,000 to $500,000.
5. The loans are project-specific, and we have a funds control process in place to ensure the funds are used to purchase materials, cover labor, bond premiums, equipment leases, or other expenses for that particular job. 6. to start with at least the applicant's 3 most recent bank statements and contract or a purchase order,
7. We can not lend to businesses outside of the United States, or businesses doing work outside of the United States.
We keep your projects moving and bid on larger projcts with these approved use of funds:
Payroll
Materials
Supplies
Vendors
Insurance
Equipment
Bond premium
There are no fees associated with getting qualified.
Here are some parameters of our program:
1. We can not fund startup companies. Our board requires that the company be in business for at least a year, with past performance proving they can do the work. If this is their first job, for example, it would be a no-go.
2. We can loan up to 20% of the total contract value (less retainage), with repayment required within 5 months.
3. Funding loans are job-specific, so we need a contract or purchase order in place to lend against. ( Note: We can issue pre-approval letters if the applicant is in the process of securing a contract.)
4. For new clients, our loans range from $25,000 to $500,000.
5. The loans are project-specific, and we have a funds control process in place to ensure the funds are used to purchase materials, cover labor, bond premiums, equipment leases, or other expenses for that particular job. 6. to start with at least the applicant's 3 most recent bank statements and contract or a purchase order,
7. We can not lend to businesses outside of the United States, or businesses doing work outside of the United States.
Application
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