Tag Archives for construction equipment financing

A construction loan is a short-term loan used to finance the building of a home or another real estate project. A builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding. Construction loans are considered higher risk. You will need strong credit and a down payment of 20% to 25%. The specific down payment requirement is determined by the cost of the land and planned construction. If you already own the land, you can use it as equity for your construction loan.

Best Bad Credit Business Loans for 2020

Bad Credit Business Loans

Most business loans are based primarily on credit or may be based on a combination of credit and collateral. This can be a problem for new businesses that don’t have established credit or collateral. Fortunately, there are financing alternatives available for those who don’t meet strict bank lending requirements. You may find bad credit business loans that practically anyone can qualify for. At First Capital Business Finance, we offer a variety of business loans for bad credit. Below are a few of the Read More


How Bad Credit Business Loans Can Help You Grow Your Business

How Bad Credit Business Loans Can Help You Grow Your Business

Bad credit business loans can help you get the cash you need to grow your business. If you have poor or limited credit, or have been in business for less than two years, our financing options can help your business in a variety of ways. Maintain Control of Your Business If your business needs more cash, you may be considering bringing a partner on board or selling equity shares in your business. Business loans for bad credit can help you get the money you Read More


Bad Credit Business Loans: One of Four Main Solutions Business Owners Now Turn To

Main Solutions for Business Owners

More business owners across America are considering bad credit business loans as they face unprecedented financial and logistics struggles. These struggles followed state orders that shut down non-essential businesses to keep more people at home. To maintain some income, many business owners were forced to get creative, seek out disaster relief, or both. Where government assistance programs have failed, some people tried to fill the gap with business loans for bad credit. Banks across America now face accusations from customers and Read More


Keep Your Company Afloat During Quarantine With Bad Credit Business Loans and Other Resources

Keep Your Company Afloat During Quarantine

Bad credit business loans are an important resource for any struggling enterprise, but they’re especially valuable during these unprecedented times. With the pandemic threatening lives and livelihoods, we as an economy have had to shift our business structures to adjust. As the illness continues to threaten the country, here are a few ways to keep your company running. Where To Find Clients For many retailers, walk-ins are their bread and butter. However, with storefronts closed, how are you supposed to draw in new Read More


What Industries Will Thrive When We All Go Back to Work?

What Industries Will Thrive When We All Go Back to Work

In early March 2020, America was experiencing some of the lowest unemployment rates the country had seen in decades, coupled with a thriving stock market. While economists had predicted an economic decline for 2020 for a year or more, no one expected a pandemic would be the cause. In just a matter of weeks, the stock market crashed, and millions of Americans filed for unemployment or sought bad credit business loans to keep their livelihoods afloat. Despite this, some businesses are thriving, while Read More


5 Ways to Preserve Capital During Slow Times

Ways to Preserve Capital During Slow Times

During slow times, many businesses focus on preserving capital rather than taking out bad credit business loans (although loans can still be a smart option). However, the emphasis is usually on asking for rent relief and putting a hold on vehicle insurance. Here’s a look at these two approaches and three other ways to save money. 1. Ask Your Landlord for Rent Relief Communicate with your landlord sooner rather than later about rent relief. Landlords appreciate having the time to think through Read More


The 6 Top Construction Equipment Loans for Bad Credit 2020

Construction Equipment Loans for Bad Credit

A construction equipment loan is a great way to obtain the capital you need to purchase the equipment for your business. However, if your credit is that great, you may fear that a loan is out of your reach. Fortunately, some lenders recognize unforeseen circumstances that can blemish the credit of even the most promising small business owner. These are six of the best options for bad credit business loans. 1. Overall Top Option for a Construction Equipment Loan  Small business Read More


How To Manage Cash Flow for Construction Projects

Manage Cash Flow for Construction Projects

Working with a construction equipment loan provider plays a crucial role in managing cash flow. However, this is only one piece of a complex puzzle. Without proper cash flow management, companies may struggle to complete projects on time and within budget. Delays and change orders also cost money, which may affect company profits and client satisfaction. 1. Research Your Client The general advice in construction is for clients to double-check that contractors are bonded, licensed, and insured. However, construction companies Read More


Equipment Financing: How Does It Work?

contruction equipment financing

Think of construction equipment financing as a type of business loan. With this approach, a business does not have to make perpetual lease payments on equipment or tie up precious cash to purchase expensive equipment outright. For example, suppose you’re doing construction equipment financing. It lets your construction business obtain bulldozers, mini-excavators, dump trucks, motor graders, and other pieces of equipment right away without having to pay the full cost of each item immediately. This type of financing is a Read More


Is Business Equipment Financing Right for Your Business?

Equipment financing

Equipment financing is a popular option for obtaining the capital needed for business essentials. It offers many benefits for large corporations and small businesses alike. Is it the right choice for your company? Here are a few advantages that can help you decide: • Financing for businesses with poor credit • Flexibility for buying the equipment you want • Tax benefits for your business • Payment options that adapt to your cash flow • Large capital amounts for big-ticket items Read More