Construction Financing for 2016 in 3 Steps
As hard freeze sets in and construction turns to interior and finish work, some industry outsiders might think it is time that construction firms can take a well deserved “time out.”
It doesn’t work that way, however. The winter months provide the time to take stock of what needs to be done to prepare for the start of the 2016 season.
The three major aspects of any construction business to consider are: equipment, supplies and staffing requirements, repairs or upgrades needed and working capital to cover every contingency.
Is Your Construction Business Prepared with Working Capital?
As you may have gathered, sufficient funds are required to cover each of these aspects. Even when the year has been a good one, money can still be in short supply over the slower winter season.
Do you have a financial partner who understands your construction financing needs and has offered financing support with flexible terms so that you can make bigger payments during your high season, and pay less during your slower months?
Where to Find Construction Financing When You Need it
What about quick access to funding when that once in a blue moon contract comes your way?
Banks and traditional financing institutions generally require spotless credit and extensive documentation and paperwork to even consider an application.
Then approvals can take weeks or even months before the cash is made available to borrowers.
Instead, come to National Business Capital & Services. We have an application that takes about two minutes to complete. Our financing decisions are based on realistic underwriting practices that do not immediately disqualify those with less than perfect credit.
Best of all, you’ll know within 24 hours or less and when approved, the funds are available in days.
If this sounds like a constructive way to prepare your financial house for next season, give our Business Consultants at National Business Capital a call at (877) 482-3008. We’re here to help you build your business and keep it on a firm financial foundation.