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 are classified under Poured Concrete Foundation and Structure Contractors, which is an eligible category. That takes industry off the table and leaves the same four things every file is read on: average daily balance against revenue, time in business, negative days and NSFs, and existing positions. 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 South Dakota that usually means capital goes to mixers, pumps, forms, crew expansion, materials for a signed contract.
Weather-dependent; northern states lose winter months entirely.
South Dakota funds normally on every tier — no extra restrictions apply.
Most of this activity sits around Sioux Falls, Rapid City, Aberdeen, Brookings and Watertown.
We fund businesses in all 50 states. California and New York carry extra restrictions on the revenue-based tier.
State contractor licensing applies in most states. Licensing is not a funding threshold here, but an expired licence shows up in diligence.
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. Concrete contractors are classified under Poured Concrete Foundation and Structure Contractors, which is an eligible category . 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 — the application plus three months of business bank statements.
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.
