Construction Financing for Spring Projects: 4 Essentials

Construction Financing for Spring Projects

In the construction industry, many job or project contracts are awarded based on a closed bidding system. Once construction contracts have been awarded, there is usually a period of several months to prepare for their start.

Over the slower winter months, many contractors prepare their equipment and workforce for the spring project starts. During this period, it is essential to consider every aspect of both the project and what unforeseen issues could occur to negatively impact the project timeline.

Time is money and with so many different variables to consider –from subcontractors to delays due to equipment failure or inclement weather– it is very important to plan not only for the expected but for unexpected contingencies as well. To ensure that every contingency is covered, here is a brief checklist to review.

construction financing for spring projects checklist four essentials

Construction Project Preparation List:

  • New Employee Training: If you have made additions to your team, ensure that they have the proper equipment and training. Make sure that if they operate heavy machinery that they are certified for that equipment. How do you plan to cover the training costs?
  • Brush Up Training for Employees: Avoid accidents and downtime by ensuring that everyone on your field staff has recently undergone refresher courses. Again, where will the money for this task come from?
  • Plan Ahead for Purchases, Rentals and Leasing: Will your equipment withstand heavy use this season? Have your maintenance contracts expired? If purchasing, have you selected a vendor? Do you have a trustworthy financing partner to assist you to locate construction financing?
  • Are the Rules the Same: It is also a good time to make certain that any new suppliers, subcontractors, and vendors have the same payment timelines as their predecessors. How will you cover any contingency?

Most construction businesses will not have a large cash surplus banked for major expenses. It would not be a good use of liquid capital, so it is very important to have a strong business relationship with a trustworthy financing company.

This relationship will make certain that additional working capital can be located and available quickly when it is required. As a renowned alternative financing company, National Business Capital is committed to assisting our clients obtain just the right the financing their business requires.

We understand construction business cycles and the need to alleviate cash flow bottlenecks to pay suppliers, subcontractors, obtain equipment, and more.

Apply for Construction Financing

Our Business Consultants will explain the construction financing options available including Equipment Financing, Business Line of Credit, and Small Business Loans.

Then we will work hard to assist you obtain the financing your business requires. For a confidential discussion, please call us at (877) 482-3008, or fill out our 1-minute application online.

This way you’ll start your spring projects in as little as 24 hours, with the added assurance that financial security provides.

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!


About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.