Why construction companies qualify
Construction companies are classified under Construction of Buildings and Specialty Trade Contractors, an eligible category. Commercial and institutional building and specialty trades are eligible. New residential construction and residential remodelling are restricted.
Progress draws on 30-60 day terms against weekly payroll and up-front materials.
What the capital is normally for
In practice: materials for a signed contract, payroll between draws, equipment, bonding support.
Weather and permit cycles drive it; winter is the constraint in northern states.
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?
Yes. 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, next business day funding on a complete file.