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Opalescent Funding

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Construction Company Funding


Fast, Easy
Construction Company Funding

Whether you’re looking to bid for a new project, fill seasonal gaps, or expand your construction company, construction businesses of all sizes and specialties can benefit from construction company funding.

Getting the funding you need from a traditional lender like a bank can be difficult. The process may take weeks, and most loans are denied because construction company funding is often considered “high risk” due to volatility of demand, fluctuations in cash flow, and thinner margins.

As an alternative lender, Opalescent Solutions can approve more construction company loans than traditional lenders, often in just one business day. We provide a number of different types of small business funding to help grow your construction business, with alternative construction loans from as low as $3,000 up to $500,000. We fund all specialties, including remodelers and renovators, contractors, concrete, electricians, plumbers, HVAC technicians, landscapers, specialty tradespeople, and more.

How To Use
Construction Company Funding

There are no restrictions on how you can use construction company funding from Opalescent Solutions. Construction company funding is typically best used for providing the cash flow you need to improve or expand your business. Use your funding to:

  • Purchase or repair equipment to reduce your reliance on subcontractors

  • Bid for bigger projects by upgrading equipment or hiring staff

  • Improve technology, such as purchasing 3D printers or advanced scheduling systems

  • Purchase materials to get a jump start on a new or upcoming project

  • Invest in mentoring and training programs for new employees

  • Maximize seasonal downtime to invest in marketing or new technologies

  • Embrace new technologies like Building Information Modeling (BIM), telematics, virtual reality or augmented reality, robots and drones, 3D printing, connected devices, and autonomous vehicles

A construction company loan can also provide the influx of working capital you need to meet the unique challenges of running a construction business, such as:

  • Volatile or seasonal demand—fixed expenses still need to be paid during the off season and can put a strain on your business’s cash flow

  • High cost of materials and equipment—raw materials and proper equipment are essential for pitching, starting, and completing jobs on time, but they require significant up-front investment

  • High employee turnover and skilled worker shortages— construction workers are retiring faster than the younger generation can replace them

  • Late receivables

How Construction Company Funding Works

Construction Company Funding Q&A

What do I need to do to qualify for a small business loan?

We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.

Why should I consider an alternative lender for my construction company funding?

Most traditional banks consider construction companies high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labor, materials and more, often in less than 24 hours.

How do I get funding for a construction company?

You can get funding for a construction company from traditional lenders like the SBA or a bank, as well as from alternative lenders like Opalescent Solutions. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances for low credit. Contact one of our Funding Advisors to learn more.

My construction company needs to purchase raw materials in order to bid for a major new project. What's the best way to secure funding to get the additional supplies need?

The best way to get the funding you need is through an alternative lender like Opalescent Solutions. Alternative construction company funding is ideal for purchasing raw materials that will help you secure a large project and increase your revenue. We offer a quick, stress-free application process, with same day funding available for most applicants. Speak with one of our friendly Funding Advisors to identify the right solution for you.