With the construction industry predicted to face a giant surge in business during the spring and summer months, it’s no wonder why increasing numbers of contractors across the country are seeking commercial construction loans.
However, traditional lenders have made it notoriously difficult to obtain construction financing for those with bad credit. Banks in particular have been known put their clients through an unreasonably strict and aggressive qualification process, and usually wind up turning their heads away from those without perfect FICO.
National Business Capital secures financing for construction businesses with all credit profiles and financial histories, and winds up saving them extremely valuable time, energy and resources.
Running a construction business is tough enough. The small business loans for construction offered by National make accomplishing virtually any business goal a fast and simple process. Read on to learn how to get commercial construction loans with bad credit.
Find a lender that does not only take your personal and business credit into account when qualifying their clients.
While traditional lenders have an infamously cold and unreasonable list of requirements in order to qualify for a business loan for bad credit, alternative lenders like National approve their clients much easier, and are proud to secure funding for businesses with any and all credit profiles.
Here’s how to get construction business funding with bad credit:
Because the Business Financing Advisors at National make the funding process fast and simple for their clients as possible!
No more unreasonable wait times, mountains of paperwork, or insane qualification requirements from traditional lenders. No more single-offer ultimatums. Choose National to receive benefits including:
NBC is proud of its approval rate of over 90%, due to their acceptance of businesses with a variety of credit scores, from squeaky-clean to not-as-clean.
Even those with an open tax lien will not be immediately discredited, due to a strong belief in standing up for small businesses that show promise and ambition, and seeing the value in a company based on the bigger picture, rather than its current financial standing.
National’s approvals can be made in as little as 24 hours, and financing is deposited quickly into the borrower’s account.
If you have questions and would like to speak with us about obtaining construction business financing please contact us at (877) 482-3008 or fill out this 1-minute online application for a prompt response.
National Business Capital is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Matt Carrigan is the Content Writer at National Business Capital & Services. He loves spending every day creating content to educate business owners across every industry about business growth strategies, and how they can access the funding they need!