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Construction Finance

For... Heavy Equipment Farm Equipment Contractors Builders Concrete Commercial Trucks

Get Started Today & Speak With An Advisor

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Simple Application

Our simple 15 second online application can get you matched with offers in minutes.

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No Minimum FICO

Bad credit? No problem! Most of our top financing options have no minimum FICO.

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Larger Amounts

Get matched with the best financing options with the highest funding amount.

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Same Day Funding

Our FinTech Speed can get you in and out of Underwriting in just a few hours, and same day funding!

What Do You Need To Qualify?
6 + Months in Business
We fund all businesses, from the most ancient, to those taking their first steps (with 650+ credit) and everything in between.
$5,000 Monthly Gross Sales
If your credit score is 650 or higher, there are no required sales minimums — TRAM has the perfect financing option for you!
No Minimum Credit Score
You don’t need squeaky clean credit to qualify for a small business loan—we work with all credit profiles.

FinTech
Speed

Easy 15-second application to get options in just minutes and funding in hours!

Do you need new equipment, tools or materials for your next job?

What Are the Benefits?

Compete for Bigger Jobs

Hire More Workers

Marketing & Advertising

Manage Cash Flow

Purchase Equipment & Materials

Make Payroll

Types of Construction Companies We Serve

We offer construction loans to a wide range of industries and companies.  You deserve options.  Therefore, TRAM Funding provides construction working capital, lines of credit for construction companies, commercial loans, business loans for construction equipment, construction business term loans, real estate financing and other construction business financing solutions for all your needs.  Below are some of the construction companies & industries we’ve worked with:

Frequently Asked Questions
Yes, even if you have a bad credit history, there are funding options available to you.  Short term loans, working capital, equipment financing and invoice financing are great options for those with less than average FICO scores. 
 
To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

You can apply for a business construction loan through TRAM Funding, we make the application process very simple for you.  Simply visit our online application here or call us directly to apply over the phone at (212) 717-9000.  

The amount of paperwork required for your application will depend on the product you are interested in or what your business will qualify for.

Step 1:  Choose the right product for your construction business
  • The first step is choosing the best financing or loan option that most aligns with your business needs.  Consider what you’re using the funds for.  Are you covering a short-term or long-term cost?  Are you financing equipment or factoring receivables?  We can assist you with choosing the best product for your needs, just give us a quick call at (212) 717-9000.
 
Step 2:  Gather & Submit Your Documents

Secondly, here is a list of documents required for most construction loan types:

  • Driver’s license
  • Voided business check
  • Bank statements from the past three months
  • Invoice for equipment (for Equipment Financing)
  • Credit card processing statements from the past three months (for Merchant Cash Advance)
  • Accounts Receivable Aging Report (for Accounts Receivable Factoring)
  • Accounts Receivable (for Accounts Receivable Factoring)
  • Debt Schedule (for Accounts Receivable Factoring)
 
Step 3:  Fill Out an Application
  • Third, you can begin the application by filling out our online application or calling us directly.
 
Step 4:  Speak to an TRAM Funding representative
  • Fourth step, once you’ve submit your application, an TRAM Funding representative will reach out to learn more about your business and explain your available options.  Here we will go inform you of the repayment structures, rates, terms, conditions, etc.  This way, you won’t have to worry about any hidden fees during the closing or repayment process.
 
Step 5:  Receive your Approval
  • Last but not least, if and when you’re approved for funding, you will be presented with an offer and approval.  If you agree to the terms and conditions, you will receive a funding contract.  

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

This will depend on the product you are applying for.  We have issued construction loans within 24 hours, as fast as the same day.  The faster you provide us with the necessary documents, the quicker we can move on our end to expedite the process for you.  

Approximate time for each product

Funds from construction loans such as business term loans, lines of credit, working capital loans, equipment financing, merchant cash advance, account receivable factoring and revenue-based business loans should appear in your bank account within 1-3 business days.  For SBA loans and real estate financing, it can take up to 2-5 weeks to receive funds.

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

Construction businesses grow by taking on increasingly complex and lucrative projects. Thanks to construction loans, you can say “yes” when your cash flow would otherwise force you to say “no.” In other words, you don’t have to let expenses pile up, long gaps between compensation, or delays in start dates prevent you from accepting critical opportunities.

Cash flow shortages can make it difficult to retain high quality employees and build loyalty.  This is one of the biggest challenges of construction businesses. Construction loans ensure that you’re always able to pay your employees on time, even when projects get delayed. After all, a larger team allows you to take on larger projects.

Other Advantages

You don’t need entirely consistent cash flow, a substantial bank balance, or excellent personal credit to be approved. You can still get funded in a matter of days, even if the majority of your operating capital is spoken for.

For this reason, many contractors take out small business loans during the slow season so they can maintain funds to prepare for their busy season.  In this case, we wouldn’t suggest a construction loan that requires you to make a large payment soon after you received the funding.

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

Although there are many advantages to getting a construction loan, many small business owners don’t want to get themselves into too much debt.  As stated previously, receivables in the construction and contracting business can be inconsistent.  With so many factors out of your control, it’s tough to predict when you may receive payment for work you’ve completed. Adding a loan payment to the mix might do more harm than good in some cases.

If your business credit or personal credit isn’t optimal, you may be ineligible for the best construction SBA programs.  An SBA generally requires excellent credit because you’ll be receiving the best interest rate and loan terms up to 30 years. Some programs allow you to use real estate as collateral to help obtain the SBA loan.

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

Yes, even if you have another loan with a bank or lender, your business may still be eligible.  As long as you have not defaulted, have a good payment history and underwriting determines that your business can afford to payback the loan, you can still qualify for a construction business loan. 

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

Importantly, this will depend on what type of construction business loan you are applying  for.  For example, an SBA loan is a lot harder to get approved for rather than an equipment financing loan.  However, here at TRAM Funding we offer a variety of loan options for you to choose from.  Each type of construction loan has different qualifications so that you can find the best solution that works for you.

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

See above, we go over the 6 best business loans for construction companies and contractors:  

  • Working Capital for Construction Companies
  • Equipment Financing for Construction Companies
  • Real Estate Financing for Construction Companies
  • Lines of Credit for Construction Companies
  • SBA Loans for Construction Companies
  • Term Loans for Construction Companies
Rates & Terms

The rates and terms depend on a wide range of factors which determine your business’ risk score. This includes: the product you’re applying for, how long you’ve been in business, credit history, use of funds, revenue & other financial factors.  To determine which construction business loan is the best fit for your business, speak with a dedicated funding advisor to discuss your needs.  Call (212) 717-9000 today to compare your options.

To learn more about Construction Loans and the options that may be available for your business complete our 15-second online application today.

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