Why construction companies in Tennessee qualify
Construction companies are classified under Construction of Buildings and Specialty Trade 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 institutional building and specialty trades are eligible. New residential construction and residential remodelling are restricted.
The cash-cycle problem
Progress draws on 30-60 day terms against weekly payroll and up-front materials.
In Tennessee that usually means capital goes to materials for a signed contract, payroll between draws, equipment, bonding support.
Weather and permit cycles drive it; winter is the constraint in northern states.
What applies in Tennessee
Tennessee funds normally on every tier — no extra restrictions apply.
Most of this activity sits around Nashville, Memphis, Knoxville and Chattanooga.
Vermont, North Dakota and South Dakota sit outside the lending area on every product. 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.
Tennessee has a real winter of two to three slow months, which shortens the trough for construction companies without removing it.
Storm restoration work arrives without notice and demands materials and crews immediately, against claims that settle later. That gap between spend and settlement is the single most common reason a file like this needs capital.
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 construction companies in Tennessee?
Yes. Construction companies are classified under Construction of Buildings and Specialty Trade Contractors, which is an eligible category . Commercial and institutional building and specialty trades are eligible. New residential construction and residential remodelling are 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 and next business day funding on a complete file — the application plus three months of business bank statements.
What if revenue is seasonal?
Weather and permit cycles drive it; winter is the constraint in northern states. Underwriting reads the average and the deposit count, not the peak month.