Industry
Progress billing on 30-60 day terms with material and labour paid well before the draw lands.
✓ Checking what you qualify for does not affect your credit score.
Concrete contractors in Los Angeles are classified under Poured Concrete Foundation and Structure Contractors, an eligible category. Industry is therefore not the question; the four things every file is read on are. Commercial and specialty trade work is eligible. New residential construction is restricted.
Progress billing on 30-60 day terms with material and labour paid well before the draw lands.
In Los Angeles that usually means capital goes to mixers, pumps, forms, crew expansion, materials for a signed contract.
Los Angeles runs on entertainment, logistics through the ports, and an enormous independent retail and food scene.
California carries extra restrictions on the revenue-based tier here; the line of credit and term loan are unaffected.
California has a short winter, which shortens the trough for concrete contractors in Los Angeles without removing it.
Storm-driven work in the Los Angeles area arrives in surges and settles on the insurer’s timetable, which is the gap capital usually has to cover.
State contractor licensing applies in most states.
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Yes. Commercial and specialty trade work is eligible. New residential construction is restricted.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision and next business day funding on a complete file.
Weather-dependent; northern states lose winter months entirely. Underwriting reads the average and the deposit count, not the peak month.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
