Business Advance Funding: Get the Money You Need to Grow Your Business
Starting and running a business is hard work. Not only do you have to worry about the day-to-day tasks of keeping your business afloat, but you also need to be constantly looking ahead, planning for growth and expansion. But what happens when you hit a snag? What do you do when you need money to keep your business going, but you can't get a loan from a bank?
Construction Company Financing with Bad Credit
As the leader of a construction company, you play a vital role in your community. You’ll be helping people build their dream homes. Despite this, traditional lenders make it hard to get financing even if you have a perfect financial history. For those with bad credit, getting a loan from the bank can be close to impossible.
But there is good news. There are plenty of alternative funding providers who will be able to help you out, offering a wide variety of loans. Let’s take a closer look at this type of financing and how you can use it to your benefit.
How to Start a General Contracting Business
Alternative Small Business Funding
If you have a desire to start a general contracting business, you’re in good company. As the industry continues to grow, there’s room for new services to take a portion of the market. However, you need to be ready to compete with companies that have been in business for many years and have a strong reputation in the industry.
Construction Company Funding
Starting a construction company is no easy task. This is because of the considerable amount of funding needed to get started. Getting a traditional loan can be difficult, especially if you have nothing to act as collateral or the backing of well-established businesses as something a lending company can trust. This is where alternative business funding comes into play.
One of the biggest challenges in construction company funding, even for those who manage to get traditional loans, is paying off the loans with the work that is completed. This is because invoicing can take from 60 to 90 days or more to get the money from the client. This is where invoice factoring can be most helpful in generating quicker amounts of cash for contractor loans.
How to Finance Heavy Equipment with Bad Credit?
Alternative Small Business Funding
There are plenty of businesses that require heavy equipment. Whether you are planning on starting a business, expanding an existing company, or replacing aging gear, getting access to the right equipment is key. But this can cause problems.
Heavy equipment can come with a substantial price tag. If you have a poor credit score, getting money can be difficult. Thankfully, there is an option that you can explore. You might want to look at alternative financing. Let’s take a look at how this process will work.
Blog Categories
- Alternate Business Funding
- Bad Credit Business Loans
- Fix and Flip Loans
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