Building Blocks for Construction

Construction Companies Tap Finance Solutions for Growth

Things are looking up for the construction industry. Since it comprises so many diverse groups, the industry has undergone recovery from the economic downturn in fits and starts. Some segments are doing better than others, and even among growth segments, some are growing more quickly than others. But on balance, the financial picture for construction is viewed by industry experts as optimistic.

Construction spending in the U.S. is roughly $943 billion annually. The industry has a significant impact on the general economy but is also vulnerable to broader economic disruptions. But now, alongside the U.S. economy, construction is showing strong signs of rebounding and future growth:

  • The unemployment rate for the construction industry declined in April 2014 to a seven-year low of 9.4 percent.

  • Private residential construction is growing, as demand picks up for homes and apartments.

  • Private non-residential sectors are also growing. Among the strongest areas is power construction, including work on oil and gas fields, pipelines, and electricity.

  • Public construction shows more mixed results, since projects like highway and school construction are subject to the ups and downs of federal, state, and local budgets.

Industry-watchers are cautiously optimistic about the construction industry’s future growth. That’s why we believe that having access to business capital via tools such as construction business loans is a prudent strategy. With a construction loan from BFS Capital, your business can leverage growth opportunities now and be well-positioned for uncertainties that may lie ahead. Our business construction loan options have helped many construction companies grow, and we can likely help you as well, even if you have poor credit.

BFS Capital is uniquely positioned to help construction companies grow. Not only can qualified construction companies obtain business loans for up to $1 million, but the application process itself is fast and easy. Once approved, funding for small business construction loans can become available in as few as two business days, and funds can be used for virtually any business need, including:

  • Purchasing new or used construction equipment and materials

  • Expanding or upgrading your company’s facilities

  • Hiring new employees, training, and education

  • Overcoming unanticipated business expenses

  • Managing cash flow

The BFS Capital loan application and approval process are tailor-made for busy construction industry professionals who are looking to qualify for a flexible business construction loan. Here’s what you can expect from one of our small business construction loans:

  • Streamlined underwriting and approval that won’t keep you waiting for weeks or months

  • Funds in your account in as few as two business days after approval

  • Repayment terms that are structured to your business model and cash flow

  • Capital that can be used at your discretion, for any business expense

  • Poor credit is not a disqualifier for fast funding

Apply for a Construction Loan Today

Construction business loans from BFS Capital can give you the working capital you need for today and tomorrow. See what many construction companies across the country already know: Our business loans and merchant cash advances are useful tools of the trade. Please contact us today with any questions about our construction business loans, or apply online.