Commercial Construction Financing Provided by Horizon Business
Commercial Construction FinancingDo you need financing in order to take your construction company to the next level? Have you turned to your bank and other traditional lenders for a construction loan only to be told your industry is too risky? Rather than looking at the benefits, these lenders assume your project will go over budget and write you off.
You are not alone, business loans for construction are hard to come by no matter how strong your credit and history. But you are also not out of options. Loan alternatives do exist, and offer a new way to fund your construction business.
Merchant cash advance providers, for example, are often excited to provideconstruction financing. They want to help get your plans off the blueprints and into reality.
These direct funders offer a product that is very different from a commercial construction loan. Although the advance ultimately serves the same goal of helping you complete and obtain projects.
The short term commercial construction financing can hit your account in as little as 24 hours. It doesn’t matter if your credit is bad and there is no collateral.
You are probably wondering, how does this work?
A cash advance financer provides construction company owners funding based upon monthly bank deposits. When such a firm gives you money, they are actually purchasing a portion of your future sales.
This means that after the commercial construction funding hits your account, a percentage of your daily intake will go toward paying back the financier. These small consistent payments will occur until the advance has been repaid in full. This ensures you’re your payments are always in proportion to your earnings, and will not strain your cash flow if you have a slow week.
This is all possible because these funding sources are different from big banks. Bad credit is ok. No collateral is required and no liens will be put on your property. From foundation up, your business can be funded in just a day or two. And there is no fixed repayment term.
To learn more about alternative construction funding and funding your business with a cash advance visit HorizonBusinessFunding.com.