Construction
Construction companies need reliable capital to bid on larger projects, purchase heavy equipment, and cover materials and labor costs upfront. Impruvu connects contractors and specialty trade businesses with funding from $50,000 to $5 million, with approvals as fast as 24 hours so you never miss a project deadline.
Funding for Construction
Construction businesses operate on tight timelines with significant upfront costs for materials, labor, and equipment. A single excavator can cost $100,000 to $500,000, and project materials often need to be purchased weeks before the first progress payment arrives. This cash flow gap is one of the biggest obstacles to growth for contractors of all sizes.
Impruvu works with lenders who specialize in construction financing, offering equipment loans with terms up to 7 years, working capital lines of credit from $50,000 to $2 million, and SBA loans for larger expansion projects. Whether you are a general contractor bidding on commercial projects or a specialty trade business adding crews, we match you with funding structures designed for the construction payment cycle.
Many construction businesses also struggle with seasonal revenue swings. Revenue can drop 30-50% during winter months in cold-weather markets. Our revolving lines of credit help bridge these gaps without requiring you to take on expensive short-term debt, keeping your business ready to ramp up when the busy season returns.
Common Construction Funding Challenges
Why Choose Impruvu for Construction Funding
- Equipment financing up to $5M with terms up to 7 years and competitive rates starting at 5.99%
- Working capital approvals in 24-48 hours to meet project bid deadlines and material purchase timelines
- Lenders experienced with construction pay-app cycles, progress billing, and retainage holdbacks
- No hard credit pull to check rates, and funding available for contractors with as few as 6 months in business
Recommended Funding Products
Frequently Asked Questions
Construction businesses can access funding from $50,000 to $5 million through Impruvu. Equipment financing typically ranges from $75,000 to $5 million with terms up to 7 years. Working capital lines of credit are available from $50,000 to $2 million. SBA loans for larger projects or facility purchases can go up to $5 million.
Most construction businesses receive a preliminary decision within 24 hours of submitting an application. Working capital and lines of credit can fund in as little as 2-3 business days. Equipment financing typically takes 3-5 business days. SBA loans require more documentation and usually take 30-60 days to close.
Yes. Our lending partners finance both new and used construction equipment including excavators, loaders, cranes, bulldozers, and specialty attachments. Used equipment financing is available for machines up to 10 years old, with loan-to-value ratios up to 100% on qualifying equipment.
Minimum credit score requirements vary by product. Lines of credit and working capital typically require a 600+ FICO score. Equipment financing may be available with scores as low as 550 when the equipment serves as collateral. SBA loans generally require a 650+ score. We check rates with a soft credit pull that does not affect your score.
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