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Business Loans for Construction Companies

Instant Business Loans as Fast as Today!


Construction companies need a lot of capital. Equipment, supplies, and personnel are the lifeblood of your business. We’ve been helping construction companies like yours grow for the past ten years. We have the expertise required to help you find the right business loan that will drive success.

You’ve already tackled one challenge by running your own construction company. Now you need to manage your cash flow so you can run and grow your business. Taking on more projects may help you expand quickly. Broadening your geographic scope allows you to bid on a different set of projects. Accepting larger projects opens more markets. These changes are expensive, but they’re crucial for expanding your business.

Shield Funding offers many business loan products that can help you run and grow your construction company. The process is fast and easy and you can get started online in minutes.

What Do I Need to Qualify?

Below is a list of the requirements to get approved for business funding with our most basic program. There may be additional factors that are considered, meeting these three requirements though gives you a very high chance of having your application approved.

How Do I Apply?

Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at

 (888) 882-6117


Submit your online application by clicking apply below and entering a few basic details about your business.

Types of Business Loans Available

1. Small Business Loans

Whether you take on bigger projects or multiple projects simultaneously, access to additional capital through a small business loan can help.

You can get as much as $1,000,000 from Shield Funding to expand into new markets or increase your project load. Buy new equipment to match your competitors. Upgrade your existing equipment to complete your jobs faster and more efficiently. Double your workforce and build a reputation for paying your subcontractors on time.

Regardless of the purpose, more money can help you take your business to the next level. Be the construction company your competitors worry about, not the other way around.

With terms from 2–36 months, you can repay the loan on a timeframe that fits with your project schedule and cash flow. Rates range from 5–45% based on your credit and business financials. You’ll need at least $8,000 in monthly revenues to qualify.

2. Bad Credit Business Loans

The construction business has been hit hard over the past decade. Having some financial trouble in your past isn’t extraordinary. But that trouble can make qualifying for a loan from a bank problematic—if not impossible.

Shield Funding offers unsecured small business loans to borrowers with a credit score of 500 or more. We know that there’s more to you than your credit score, and we want to help you run and grow the company you’ve worked so hard to build.

Terms for a business loan with bad credit range from 2–18 months. Depending on your credit, you may have access to longer terms with an MCA loan. Most of the bad credit business loans require that your business is operating for at least two months with 8 to 10 thousand in revenue. Rates, range from 12–45%, and vary based on your circumstances.

3. Equipment Financing

Access to equipment, whether owned or rented, is vital for any construction business. Construction equipment is expensive. Going through traditional channels may be impossible if you are small or have had past credit issues.

Equipment financing through Shield Funding solves these issues. These loans are designed for industries that need large, expensive equipment. Because they’re not as flexible as some other options, interest rates are often better than other small business loans.

Many equipment financing contracts require down payments, which can be as high as 20%. You may need as much as $20,000 cash up front if you need to finance a $100,000 backhoe. With a loan from Shield Funding, you can secure the funds to purchase the equipment you need without any initial cash outlay.

4. Business Line of Credit

Construction companies need cash to rent equipment, buy supplies, and pay personnel. New jobs don’t always come up right away. Missing out on opportunities because you don’t have enough resources makes it difficult to grow your business.

small business line of credit helps in these situations. Like a credit card, you can purchase items and pay expenses up to your limit, and you pay interest on the outstanding balance. Then you make monthly payments on principal and interest.

Unless you have stellar credit, it’s hard to get the higher limits and lower interest rates you need on a traditional credit card. Shield Funding offers lines of credit up to $250,000 with rates between 5% and 10%.

Your business must have a minimum credit score of 650 and make at least $10,000 per month. If you’ve also been in business for at least six months, you can qualify for a line of credit.

5. Working Capital Loans

Construction companies have many recurring expenses. Without supplies, materials, and qualified subcontractors, it’s hard to increase your revenue. A working capital loan helps ensure you have access to the funds you need even when clients haven’t paid their invoices.

These loans help you finance the operational expenses of your company, especially during times of growth or during seasonal downturns.

working capital loan provides access of funds up to $1,000,000. If you’ve been in business for at least two months and have a credit score of 650 or more, you may qualify. Rates range from 9-45%, depending on your qualifications.

Business Loan Uses

Here are some of the things construction companies use these loans on:

Equipment Purchases and Rentals

Having the right equipment for the job is vital. And keeping that equipment serviced and ready to work makes the difference between finishing on time and missing deadlines.

It’s best to have your own equipment, and buying it outright can pay big dividends in the long run. But that’s not easy—the average bulldozer is around $125,00. And you’ll have to pay the cost of maintenance and any repairs necessary.

Even when you have your own equipment for most work, you’ll still find that you occasionally need a rental. Hourly or daily fees plus security deposits can run into the thousands for just one piece. As your jobs grow in size, so will your rental expenses.

But if you don’t have the right equipment, you don’t get paid. So taking a small business loan to make sure you have the equipment you need is a smart move.

Payroll and Subcontractor Costs

You might have a big full-time crew that completes most jobs. Or you might supplement a smaller team with subcontractors. Either way, you need a lot of labor to complete projects. And when the average construction worker earns $30,000–$35,000 a year, that can mean big costs for your company.

Saving costs by hiring fewer employees or skimping on subcontracts is a bad way to do business. You might find that you end up paying more to recover from the problems that result. Instead, find a way to pay the people that deliver on the promises you make as a company.

In many cases, that might mean a short-term business loan or some working capital. Both will pay off in the long run, as you’ll do better work for your clients.

Construction Supplies

Every job requires supplies. You can’t build a house without particle board, drywall, or nails. You can’t build an office building without a lot of concrete. You’ll pass that cost onto your customer, but you might need cash upfront to make the purchase.

You never want to find yourself in a position where you can’t afford the materials that you need to complete a project. Even if you have to take a short-term loan or use a merchant cash advance, it will be worth the interest you pay to avoid going to your client with an inconvenient request for cash.

Of course, this may depend largely on the type of construction you do and how you fund your projects. But when you’re growing your business and paying for equipment, personnel, and other expenses, it’s easy to sign on for a project that you need some help with.

Mobile Offices and Site Security

On big projects or jobs far from your home office, you’ll want a mobile office to supervise your team. This will save you a lot of time and even more phone conversations . . . but you’ll need an outlay of cash to make it happen.

A mobile office costs between $15,000 and $45,000. Renting one can cost up to $900 per month. That’s a significant amount of money, especially if you’re looking to buy. The benefits, however, are worth the cost.

Taking a loan to make that happen is often worth it.

On a related note, keeping your equipment and supplies secure can also be expensive (though not as expensive as vandalism or theft). Cameras, internet connections, fending, and patrols add a lot to the cost of the project.

No matter which method you choose, you’ll need to be ready for an expense. But if you don’t secure your site, you’ll need to be ready for an even bigger one.

Want additional information? We’d love to chat about how we can help you grow your business! Get in touch today and we’ll tell you how we can help you run or grow your construction company.


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