Phone:
(888) 201-2860
Business Hours
Mon-Fri: 9AM - 6PM
Address
97 Newkirk Street, 3rd Floor
Jersey City, NJ 07306
Construction Business Loans: Built for Contractors, Builders & Developers
Explore financing for construction businesses- from SBA loans to equipment financing and more.
Applying WILL NOT impact your credit.
Construction Business Loans: Built for Contractors, Builders & Developers
Explore financing for construction businesses—from SBA loans to equipment funding and more.
Applying WILL NOT impact your credit to review your options*
Same Day Funding Available
Terms Up To 25 Yrs
One Application, Multiple Funding Options
No Hard Credit Check
Why Construction Businesses Need Specialized Loans?
Construction companies face unique financial challenges—delayed payments, high equipment costs, and cash-hungry projects. That’s why construction business loans are designed to help contractors, builders, and general construction companies maintain stability and seize growth opportunities
Compare Construction Loan Options
SBA Loans for Construction Companies
Pros: Low interest rates, long repayment terms
Cons: Slower funding, paperwork-intensive
Use Case: Large expansions, refinancing, buying property
Equipment Financing For Builders
Pros: Easier approval, fast funding
Cons: Limited to equipment purchases
Use Case: Buy or lease excavators, skid steers, loaders
Business Line of Credit for Contractors
Pros: Flexible access to funds
Cons: Can be expensive if used irresponsibly
Use Case: Payroll, emergency cash, seasonal gaps
Short-Term Loans for Construction Companies
Pros: Fast approval, minimal documentation
Cons: Higher interest rates, short terms
Use Case: Bridging gaps before payments hit
Invoice Factoring For Contractors
Pros: Turns unpaid invoices into working capital
Cons: Affects client communication, fees add up
Use Case: Government or commercial jobs with net-60 terms
Construction Loan Options: Pros & Cons
| Loan Type | Pros | Cons |
|---|---|---|
| SBA Loans | Low interest, long terms | Slow funding, requires strong credit |
| Equipment Financing | Fast approval, no cash upfront needed | Only for equipment |
| Line of Credit | Use only what you need, reuse as paid | Easy to misuse, variable rates |
| Short-Term Loans | Very fast, great for shortfalls | Higher interest, quick repayment |
| Invoice Factoring | No debt, improves cash flow | High fees, client perception |
Application Process
Complete the Online Application
Start by filling out AMP Advance’s secure online loan application. It only takes a few minutes and requires basic info about your construction business, including revenue, time in business, and loan amount needed.
Submit Your Financials
Upload your most recent 3–6 months of business bank statements. These help AMP Advance understand your cash flow and match you with the best contractor financing options or working capital solutions.
Get Matched with an Offer
Within hours, you’ll receive a custom business loan offer tailored to your company’s financials—whether you need an equipment loan, short-term funding, or a line of credit.
Accept & Get Funded—Fast
Once approved, you’ll receive funding in as little as 24–48 hours, directly to your business bank account. Use your loan to purchase materials, hire labor, or take on larger construction projects.
When to Use Construction Business Loans
- 🧱 Pre-pay for Materials – Avoid supply chain delays
- 🏗️ Bid on Bigger Jobs – Don’t say no to contracts due to lack of upfront cash
- 🚜 Replace Equipment Fast – Stay productive, avoid downtime
- 🧾 Cover Payroll – Don’t delay paying your team while waiting on invoices
- 📈 Scale Operations – Add a new crew or location with confidence
What our clients say about us
See what our clients say
YOU GOT QUESTIONS? WE HAVE ANSWERS!
Can I get a construction business loan with bad credit?
Yes, it’s possible to get a construction business loan with bad credit, especially through alternative lenders like AMP Advance. Options like equipment financing, invoice factoring, and short-term working capital loans are more flexible and may not rely heavily on your credit score. Instead, lenders may consider your business revenue, time in operation, and cash flow.
Do construction companies qualify for SBA loans?
Yes, many construction companies qualify for SBA loans, especially if they meet the SBA’s requirements for revenue, time in business, and credit. SBA 7(a) and SBA Express loans are common choices for contractors looking to secure long-term, low-interest financing for growth, payroll, or equipment.
What is the best loan for buying construction equipment?
The best loan for buying construction equipment is typically equipment financing, which allows builders and contractors to purchase heavy machinery without paying upfront. The equipment itself often serves as collateral, making it easier to qualify—even with less-than-perfect credit.
Can I use a business loan to pay subcontractors or labor?
Absolutely. Many working capital loans for construction businesses are used to cover labor costs, including paying subcontractors and temporary crews. This helps keep projects moving even when invoice payments are delayed.
How do I get pre-qualified for a contractor loan online?
Getting pre-qualified for a contractor loan online through AMP Advance is fast and simple. Fill out a short application, upload your business bank statements, and receive loan options within hours—no hard credit check required to view your offers.
Our minimum qualifications require:
- Generate revenue over $10,000 per month
- Have a business bank account
- Must be US based business
- Be a US citizen or legal resident
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