Ready To Move Your Business Forward?
Types of Construction Business Loans
How to Apply
Small business construction loans are easier to secure than ever. With National Funding's online application, it only takes a few minutes to apply. Get started on your small business loan today and a dedicated Loan Specialist will contact you to help tailor a loan for your needs.
What Customers Are Saying
John Meier, Owner
Bob’s Home Heating & Cooling
It was time for "Bob" to retire, which meant an opportunity for John. As he looked to buy the business, he needed to make sure capital was in place to support the extremely seasonal Minnesota-based business. With a hands-on, consultative approach to small business loans, National Funding helped secure the right amount of funding and made the process "painless."
Why National Funding?
Even within the construction industry, no two businesses are alike. Work with a lender who listens to your concerns and understands your goals. At National Funding, we've helped thousands of small business owners find the perfect financing solution. Our construction business loans in particular are customized to fit the needs and budget of your business.
As an alternative lender, National Funding has flexible options so that your construction business can receive the capital it needs to grow, from equipment financing to loans for other day to day expenses of the business. Unlike standard banks, we’re able to work with your business even with a low credit score or no collateral. Plus, our application is easy so that you can get working capital or equipment financing quickly.
We Know Construction Businesses
construction business owners
Trusted by Businesses Like Yours
Over $3 billion in funding to more than
50,000 businesses nationwide
Lending solutions and payment options
tailored to your specific needs
Loan Specialists Who Care
Experienced Loan Specialists help
you make the right decision
No collateral requirements, plus simple,
Construction Business Resources
A construction business has a lot of moving parts. Literally. There's more to financing your business than simply choosing a funding amount and applying. So whether you’re looking to learn more about the mechanics of construction business loans or how to get the most out of them, you can dig deeper with these blog articles.
We know that the construction industry moves quickly and advances in technology are even faster. As a construction business owner, you have to keep up if you want to get ahead. This isn't always easy. After all, if a process or system isn't broke, why fix it? It might be expensive to make these changes up front, but it's also worth it. Find out why you should invest in technology and how construction business loans or equipment financing for contractors could be the financial answer.
As a construction business owner, you’re probably all too familiar with the challenges facing the construction industry —like finding work for your business year-round or keeping skilled laborers on the payroll. Because of this, practicing efficient cost control is a core aspect of running a successful construction business. Effective planning through cost control can help ensure you have the resources you need when and where you need them. And it can help you increase profits. Use this post to help you learn more and create a cost control plan for your business.
You might feel overwhelmed by the difficulty in keeping a steady supply of skilled laborers available. So what’s the solution here? There are many ways construction businesses can work to overcome the current construction labor shortage. With a series of small, incremental solutions, along with financial investments, you can define an action plan for moving forward.
Ratings & Reviews
As a leader in business lending, we're proud to help construction business owners like you.
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.