Expand your limits

BUILD YOUR BUSINESS LOAN

$10,000 – $500,000 check eligibility

Description
Construction
Loan options
How to Apply

CONSTRUCTION COMPANIES USE BUSINESS LOANS FOR THE FOLLOWING REASONS

  • Purchasing construction equipment

  • Starting a new job

  • Payroll

  • Materials & supplies

  • Cash flow stress

CONSTRUCTION CONTRACTORS WORKING CAPITAL LOANS

eFundex works with many different construction companies 

that are seeking working capital.

eFundex offers 2 different working capital loan options to the construction industry,

and will help you choose which is best for your business:

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SIMPLE INTEREST TERM LOANS

Learn about this loan

  • Term Length:3-36 Months
  • Simple Rates:5% – 35%
  • Payment Frequency:Business day-Weekly
  • Decision time:1-5 hours
  • Years in business:1 Year
  • FICO:550
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LINE OF CREDIT

Learn about this loan

  • Terms Length:6-12 Months
  • Rates:5-20%
  • Payment frequency:weekly
  • Decision Time:1-5 Hours
  • Years in business:2 years
  • FICO:680

HOW IT WORKS

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    1. Apply Online

    Apply Online in just a few Minutes or

    Call us directly 212-213- 5680.

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    2. View Results

    Our system evaluates your business and provides a Pre-approval amounts, terms and repayment options.

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    3. Getting Funded

    Upload your documentation.

CONSTRUCTION COMPANIES WE WORK WITH

AND MANY MORE
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Roofing companies

Lawn – Landscapers companies
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Electrical Companies

General Contractors
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Hvac Contractors

Masonry Contractors
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Remodeling Contractors

Cement Contractors

CONSTRUCTION COMPANIES

Construction companies work on several projects at the same time.  Depending on the size of the construction company,  they may be working on 1-15 jobs at the same time. Most of these jobs operate on an accounts receivable basis ranging from 30-120 days with a disbursement of funds upon the completion of each stage of a project.

This could lead to cash flow stress with some projects delayed by circumstances outside of a contractor’s control. Having access to working capital construction loans could make all the difference in completing a project on time, securing their next progress payment, or ordering materials for their next project.

Efundex helps companies to grow and can secure business loans up to $500,000 for contractors.

SUCCESS STORIES

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Efundex total loan
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Success business
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Success business

HVAC Company

Accounts receivable

$35,000

San Antonio Texas

  • 5 years in business
  • 850,000 in revenue

General contractor

Staring new jobs

$115,000

Schaumberg , Illinois

  • 7 years in Business
  • $2,500,000 in revenue

Roofing company

Payroll

$79,000

Miami Florida

  • 26 years in business
  • $ 950,000 in revenue

Single family housing

New projects

$75,000

Austin Texas

  • 11 years in business
  • $2,000,000 in revenue

See what loans you qualify for

HOW CAN I GET FUNDING FOR MY CONSTRUCTION COMPANY?

At eFundex, we will evaluate your construction company on it’s cash flow. Even if you have poor personal credit we can get your business approved for working capital so that you can continue to grow.

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Option 1: Simple Interest Construction Term Loans

These construction loans are for companies in need of an immediate cash flow supplement. It may be required for securing bids, hiring additional workers, purchasing or renting equipment that can generate additional revenue and increase the bottom line of the business.

If you need quick access to working capital without the red tape and a mountain of paperwork,  we will evaluate your most recent 4-6 months of business bank statements to make a determination.

  • Terms

    3-36 months

  • Loan amount

    $10,000-$500,000

  • Rates

    6-38% simple rates

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Option 2: Contractor Lines of Credit

Lines of credit for construction companies are for stabilizing cash flow and having cash on hand for unexpected expenses. They can also help the construction company with additional payroll needs. Lines of credit can help with working capital but are designed to be a safety net for unexpected expenses, and to fill the gaps in receivables coming in from different projects.

  • Terms

    3-12 months

  • Loan amount

    $10,000-$150,000

  • Rates

    6 – 25%

At eFundex we understand the construction business, inside and out we know that each construction company operates on a different coast of goods sold the coast of goods sold can be as low as 25% for services contractors to as high as 80% to general contractors.