Category: Construction Loans

How a Financial Capability Letter Strengthens Your Government Contracting Bid

corroding metal

There are many factors behind landing a winning bid. For upper-level commercial construction projects — especially for those lucrative government contracts — you have to prove that your company can complete the work for a competitive price and that you have the means to carry it through start to finish. A Financial Capability Letter can… Read more »

What is Commercial Construction Contract Financing?

Construction site with heavy equipment

Commercial construction contract financing is a way for contractors and subcontractors to borrow dollars they need for the early stages of a particular job by using the value of their contract as collateral for the loan. Mobilization Funding, sometimes referred to as Mobilization Financing, is a commercial construction contract financing option for subcontractors who are… Read more »

How to Get an SS-4 Form and Why We Request It

Most lending partners ask for verifying paperwork during the approval process, including copies of driver licenses, Articles of Incorporation, and an SS-4 form notice. The SS-4 form notice, also known as an EIN Confirmation Letter, verifies your Employer Identification Number (EIN). Why do we need to verify your EIN? An erroneous or invalid EIN can… Read more »

When is it Time to Get Funding for Your Construction Project?

Few commercial contractors have the luxury of paying the full up-front cost of a project without help along the way. But often, they wait too long to seek that additional funding, which can put unneeded stress on the project itself or even the business overall.

Seeking a Commercial Construction Loan? Start Here.

Construction projects are capital-intensive and, unlike the way in which many goods and services in the United States are bought or sold, the company undertaking the work — that is, the subcontractor — puts in a considerable amount of work before billing and months before receiving payment for its services. Due to the nature of… Read more »

How to Find the Right Construction Loan to Grow Your Business

How to find the right loan to grow your construction business

Managing cash flow and staying above water can be difficult for any business, but the problem is especially prominent in the construction industry, and only becomes more difficult as a company grows. Due to a complex and inefficient payment system, contractors have a nearly impossible task of covering the cost of a job, especially before… Read more »