Funding for your situation
What the next hire really costs a construction company, how funding is sized to the ramp, and a worked example.
✓ Checking what you qualify for does not affect your credit score.
Training is easy to cut and expensive to skip. A signed contract sits on the desk, but payroll and materials are due before the first draw. A construction company that funds hiring and training together tends to reach full productivity sooner.
Merchant Fund Express is a funding marketplace: you apply once, and the file is matched to the structure that fits it. The sections below show what this situation usually costs, how a funder reads it, and what to prepare.
A construction company file is read through contract backlog and billing schedule, receivable aging and retainage and equipment and bonding already in place.
Payments arrive by progress billing or net terms, often well after payroll and materials are paid. A reviewer sees that pattern in the statements before reading a word of the application.
Equipment is part of the picture. A failure such as a skid steer or mini-excavator repair or a truck repair can run $9,000 to $9,000 and interrupt revenue while it is down.
The documents that usually matter most for a construction company are the signed contract or schedule of values and recent invoices and aging report, alongside the bank statements.
People are paid on a schedule that does not wait for new revenue to ramp.
People are paid on a schedule that does not wait for new revenue to ramp.
People are paid on a schedule that does not wait for new revenue to ramp.
A real cost of the move that is easy to leave out of the first estimate.
| Cost item | Illustrative amount |
|---|---|
| Recruiting, background checks and onboarding | $2,000 |
| Training time and certifications (permits per project where relevant) | $1,500 |
| Tools or equipment for the new hire: tools and safety equipment | $6,500 |
| Wages until the role pays for itself (8 weeks) | $8,000 |
| Cushion for overruns and slow early weeks (about 10%) | $2,000 |
| Cost of the next hire | $20,000 |
Sizing check. If the full repayment shown in an offer were $26,000 over about 26 weeks, the weekly debit would be about $1,000. Against illustrative monthly deposits of $30,000 (about $6,923 a week), that is roughly 14% of weekly deposits. Your own offer states the real repayment amount in dollars; run your numbers on the factor rate calculator before you accept anything.
Source: worksheet by Merchant Fund Express. Illustrative only: these figures are not an offer, and real amounts depend on your file and the funder.
These are the same factors described on revenue and deposit requirements and time in business. Merchant Fund Express walks you through how your own file reads before you apply.
A complete file is what makes a same-day decision possible. If something is missing, tell us and we will work around it.
Typically with working capital or a line of credit sized to the ramp period.
Yes. Training, onboarding and equipment for the new hire are legitimate uses and belong in the request.
Deposits, existing obligations and the clarity of the plan. A hire tied to specific demand reads better than a general growth request.
The minimum FICO is 500, and better credit means better products and terms. See credit score requirements for how the tiers work.
Merchant Fund Express gives a same-day decision on a complete file. Applying takes a few minutes and will not affect your credit score.
