United Capital Source is the ideal financial partner for construction contractors in need of Working Capital Loans. We work with commercial plumbing, roofing firms, electrical contractors, masonry contractors, cement suppliers, window fabricators, fence contractors, and landscapers to name a few. Most trades have 90 to 120 day net accounts receivable. This causes cash flow problems when multiple projects are underway.
Construction projects are very time sensitive. Having working capital is critical when completing construction projects requiring plant, machinery, and laborers during an intensive period. A new forklift, safety barriers, construction materials and supplies often require cash flow well in advance of milestone payments.
We also have experience with construction crews and contractors with a bad credit history. Like most small businesses requiring loans, construction contractors are often at unforeseen risk to bad credit problems given the economic cycles of the property and real estate industry. Paying contractors on time ensures construction project continuity.familiarity with the cash flow of the business allowed our lending team to quickly approve this merchant with a small business loan.
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Get WorkingUnited Capital Source has experience with businesses which own their real estate and can advise on the best small business loans compared to commercial property loans with offset facilities.
In certain situations, small businesses can own real estate in their personal names or jointly with spouses or partners, yet the business shareholdings are different. This can result in different loans being held for both personal and business reasons – which can often lead to higher interest rates being paid across separate loan structures unnecessarily.
United Capital Source has experience in structuring small busines loans for real estate. For example, one of United Capital Source happy customers operates a seasonal restaurant that opens in the summer and fall for 4-5 months a year. Our client was paying an annual interest rate on her real estate payments, which United Capital Source restructured to reduce monthly payments – smoothing out cash flow and lowering the interest payments each month when the restaurant was closed.
Prior to the emergence of alternative business financing, you couldn’t blame a hotel for not pursuing small business loans. The terms and approval process of traditional bank loans are not exactly convenient for the financial cycle of the hospitality industry. Most hotels experience extreme seasonality, and therefore cannot afford to make fixed, monthly payments during […]
Prior to the emergence of alternative business financing, small business loans were nearly an impossibility for applicants with bad credit. A less than perfect score was a surefire recipe for rejection, even with strong sales. But these days are long gone, largely because it eventually became clear that bad credit was not an indication of […]
