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Second position funding

Second position funding for construction: when one advance is not enough.

Jobs overlap, draws slip and an existing advance does not stop payroll. Here is how a second position fits a contractor file.

✓ Checking what you qualify for does not affect your credit score.

The short answer

Construction and trades businesses with one advance already open can be considered for a second position. Funding runs from $25,000 to $5,000,000, and funding can arrive in as little as 24 hours for qualified businesses.

Amounts$25,000 to $5,000,000
SpeedDecisions move fast; funding in as little as 24 hours for qualified businesses
PaperworkAbout three months of business bank statements, no tax returns
CreditFICO 500+ considered; deposits and time in business carry the weight

What a funder reads

Deposits across several jobs, not one
Coverage: can deposits carry both payments?
Payment history on the first advance
Backlog or contracts where you can show them

See second position funding.

Where contractors use it

Mobilization

Deposits, rentals and permits on a new job.

Payroll

Crews paid while a large draw is pending.

Equipment

A truck or tool needed to take on more work.

Insurance

Policies due before a project pays.

What is not eligible

New residential construction and residential remodeling are restricted. See construction qualification.

How to apply

About three months of business bank statements
Your business name, address and time in business
Basic owner information
A list of any existing advances or loans, with the payment amounts

The application takes about five minutes and starts with a soft credit pull, so applying does not hurt your score. Start your application and we will review your file the same day.

Common questions

Can a contractor with an existing advance get funded?

Often, if the file shows deposits can carry both payments.

Do I need to list the first advance?

Yes, with its payment amount.

Do you fund residential remodeling?

No.

Do I need tax returns?

No.

How fast?

As little as 24 hours for qualified businesses.

See what you qualify for

Same-day decision. Applying takes a few minutes and will not affect your credit score.

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