Flooring contractors Funding in Illinois (2026)

Why flooring contractors in Illinois qualify

Flooring contractors are classified under Flooring 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 work is eligible; residential remodelling is restricted.

The cash-cycle problem

Deposit plus balance on completion for residential; 30-60 day terms on commercial.

In Illinois that usually means capital goes to materials for a signed job, vans, tooling, installer crews, showroom stock.

Tied to the housing and remodel cycle.

What applies in Illinois

Illinois funds normally on every tier — no extra restrictions apply.

Most of this activity sits around Chicago, Aurora, Naperville and Rockford.

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.

Illinois has a hard winter that removes months of the year. For flooring contractors that is not a downturn, it is the calendar — and underwriting reads a northern seasonal account on the twelve-month average, not on the trough.

The practical consequence is that the capital usually has to be in place before the season opens, not after the first invoices land.

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.

Line of credit $10,000 to $350,000, from 1% per month on the drawn balance, 2.49% per draw

Term loan $10,000 to $250,000, 0% origination, weekly payments, capped at 15% of annual revenue

MCA refinance $10,000 to $100,000 on a position with a balance of $100,000 or less

Maximum two existing positions; the line of credit can sit second

Same-day decision, next business day funding on a complete file

Average daily balance of $5,000, or 10% of monthly revenue, whichever is greater. Up to 3 negative days a month, 9 per six months and up to 6 NSFs a month, 24 per six months.

Questions

Do you fund flooring contractors in Illinois?

Yes. Flooring contractors are classified under Flooring Contractors, which is an eligible category . Commercial work is eligible; residential remodelling is restricted.