Why concrete contractors qualify
Concrete contractors are classified under Poured Concrete Foundation and Structure Contractors, an eligible category. 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.
What the capital is normally for
In practice: mixers, pumps, forms, crew expansion, materials for a signed contract.
Weather-dependent; northern states lose winter months entirely.
The published thresholds
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.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund concrete contractors?
Yes. Commercial and specialty trade work is eligible. New residential construction is restricted.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision, next business day funding on a complete file.