Fund the job. Collect the draw. Finish early.
General contractors, subs, electricians, plumbers, HVAC, roofers, framers, concrete. If you build it, repair it or maintain it, we understand progress billing, retainage and the gap between mobilizing on a job and the first draw.
How the money
actually moves.
Margins in the trades run in the low-to-mid twenties, so the full-term cost of capital is genuinely tight and pretending otherwise is how these deals go bad. We size construction files to the job and to the draw schedule, not to the biggest number a lender will offer.
Think of it as a receivables bridge rather than borrowing. The capital funds the materials and the crew, the draw or completion payment comes in, and you finish the advance early. Framed that way, it is not turning down work because you cannot float it. Every offer we write carries an early-payoff schedule so you can see exactly what drops off when the draw lands.
Three things it is
usually for.
Materials before the draw
Contract signed, materials due now, first draw thirty days out. Fund the order, keep the schedule, retire the advance at the draw.
Payroll across a net-60 customer
Sixty people on the books and a GC that pays in sixty days. A bridge sized to the gap, not to the whole contract.
Equipment
An excavator at auction or a second truck for a second crew, through equipment financing with the asset carrying the deal.
What your underwriter
reads first.
Specific to construction files. The general read, six things every file gets, is on the how it works page.
- 01Larger files need the AR and AP aging and work-in-progress schedule alongside the statements; we ask up front.
- 02Lumpy deposits from draws point to a weekly remit rather than a daily one. We structure to that.
- 03Existing positions and their daily load are the first thing we add up, including any you forgot to mention.
What a workable
construction file looks like.
These are shapes, not gates. The funder sets the floor, and we place the file where it fits or tell you plainly if it does not.
- 6+ months in business under the current entity
- Active contractor license where the state requires one
- Revenue through a business bank account
- Any credit profile
Asked by
construction owners.
Yes. Bring the signed contracts or pay applications and your underwriter can size to the job rather than to the trailing months alone.
Not necessarily. Bring the full picture. Older or smaller liens are often workable; the file is read as a whole.
Then you pay the advance off early and the cost drops, per the early-payoff schedule that ships with every offer. The structure is built to reward you for finishing ahead of term.