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Construction Business Loans & Financing
We provide construction business loans to a wide variety of businesses, such as residential and commercial construction companies!
We're a Funding Partner with a Proven Track Record
Since 2008, we've grown with companies we support.
$4 billion
distributed
55k+
companies funded
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What Are Construction Business Loans?
Construction business loans help companies in the residential and commercial construction industry get the funding they need to complete projects on budget and on time. A small business construction loan can be used to pay workers, rent equipment, buy building materials, and more to ensure that all contracted work can be completed and paid for.
How Construction Business Loans Work
Small business construction loans are short-term loans that businesses use to complete construction of a residential or business property. Once the project is done, the buyer pays the construction company either through lending of their own, or in cash. Construction business loans can help pay for all the different operations of a construction enterprise whether large or small.
Use Cases
How To Use a Construction Business Loan
There are many ways to use a construction business loan. Everything from equipment, repairs, payroll, building supplies, and more can be funded using a variety of types of business loans.
Cash Flow
Need more cash flow? Cash flow problems are often solved when you use the right construction finance loan.
Equipment
Buying millions of dollars worth of equipment is near impossible for the average person. That’s why it’s good to use commercial construction financing.
Inventory
You need supplies on hand to complete your building projects. No one wants to be waiting on materials because you ran out of money. Use construction business loans to help.
Why Apply for a Construction Business Loan?
Take Additional Projects
It’s great to take on multiple projects when the seasons are nice. Using a construction business loan gives you the freedom to work on more than one build and have plenty of money to do it.
Cover Payroll
You can often wait months before a construction project is complete and the bill paid in full. Using financing for construction projects gives you enough for payroll as well.
Pay for Tools & Equipment
Always losing tools on the jobsite? Or perhaps you just need to replace items that break. Construction business financing gives you the resources your need to pay for all your building tools and equipment.
Minimum Eligibility Requirements
Getting a construction loan is easy when your business meets these minimum requirements. Find out how much you can get for your business when you apply today.
Minimum Requirements
| Time in Business | Minimum 6 Months |
|---|---|
| Business Annual Growth Revenue | $240K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 570+ |
| Other Financing | None |
| Bankruptcies | None open |
Better Your Business With Fora Financial
Pay for Construction Materials
Hire Seasonal Employees
Manage Safety Standards
Have Cash for Payroll
Start New Building Projects
Pay for Necessary Tools
Case Studies
Featured Funding
Construction Growth
Funding Amount: $2,000,000
Industry: Construction
Use of Funds: Bridge funding
Featured Funding
Communications Expansion
Funding Amount: $1 Million
Industry: Telecommunications
Use of Funds: Expansion
Construction Business Loans FAQ
What Are the Different Types of Construction Loans?
The different types of construction loans are land development loans, A&D loans, mini perm financing, SBA construction loans and construction loans.
What Kind of Loan is Best For Construction?
It depends on your needs. If you are building a property that you will keep as a business asset and then rent or lease out, you would want a permanent loan. If you plan to build a property and then someone else will own it in the end, mini perm financing might be a better solution.
How Do I Know When I Need a Construction Business Loan?
When you find yourself running out of money when it comes time for payroll or you’d like to do multiple projects at once, you might need a construction business loan. Other reasons include boosting inventory, repairing equipment (check out this handy guide on “How Much Should Heavy Equipment Repair Cost”) and hiring more workers.
Can SBA Loans Be Used for Construction?
Yes, SBA loans can be used for construction. If your company qualifies, they will inform you of all the loan terms.
Can I Get Tax Benefits on Construction Loans?
Yes, there are tax benefits on construction loans. Talk with an accountant to learn how to take advantage of these benefits.
Are There Minimum Down Payments on New Construction Loans?
Yes, most lenders require 20% down for new construction loans.
How Does Construction Loan Interest Work?
Interest on commercial construction loans is only assessed on the amount that has been dispersed. You will only pay interest on the loan amount that your business has received.
Is a Construction Loan a Good Idea?
A construction loan is a great idea if you want to have better cash flow, increase the number of projects you can do at once, and if you want to fund new equipment, tools, and inventory.
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Blackrock Consulting LLC provides business capital, including business loans and Revenue Based Financing, directly and through a network of unaffiliated third-party funding providers. All offers will depend on your business meeting at the time of submission our pre-qualification and/or underwriting criteria, which includes, but is not limited to, business & personal credit history, time in business, cash flow, revenue consistency, industry-specific underwriting rules. Business loans are offered by Blackrock Consulting LLC, by Blackrock Consulting LLC. Revenue Based Financing is offered by Blackrock Consulting LLC.