Here are a few facts about National:
Why Choose National Business Capital for Contractor Financing
National Business Capital is a New York-based direct lender. We also work with capital providers across industries, giving you the speed of direct lending and more options if you need them.
Our advisors look at your cash flow and how your business operates before recommending financing. We offer a wide range of loan structures, so your advisor can match the right product to your job.
How Direct Funding Compares with a Bank Loan for Contractors
Contractors who weigh direct funding against a traditional loan often focus on four factors. The table below puts them side by side.
| Factor | Bank or SBA 7(a) loan | National Business Capital |
|---|---|---|
| Maximum amount | Up to $5M | Up to $15M |
| Funding speed | 30–90 days | As fast as same day for eligible accounts |
| Collateral | Sometimes required | None for most products |
| Minimum credit score | Often 680+ | No minimum FICO for most products |
How it works
Our Process for Financing a Contracting Company
Every contractor file at National follows five steps built around the way construction jobs pay.
- 1
You describe the contract in front of you, including its size and draw schedule.
- 2
An advisor compares your backlog with the cash your current jobs generate and shows you how much funding your business may need.
- 3
Your advisor compares the structures that suit the job and explains what each one costs in time and money.
- 4
You choose the structure that matches your draw schedule.
- 5
Funding reaches your account as fast as the same day for eligible accounts. Most applications resolve within three business days.
Contractors often spend money on a job before getting paid, which can affect cash flow. Here’s how National’s financing structures can help:
Each of the above structures addresses a specific timing problem. Your advisor at National starts with your cash need and identifies the financing that fits it.
Cash Flow Financing covers payroll while you wait on the next draw.
A Line of Credit gives you cash to keep work moving. Your customers hold back retainage until you finish the job.
Suppliers can reprice materials between your bid and your build. A Term Loan funds a bulk order at the quoted price.
Direct Funding finances the equipment you need so you can bid for larger jobs without draining cash.
Cash Flow Financing helps you cover payroll and insurance when bad weather shuts down your job site.
Best Practices for Financing Your Contracting Company
The right financing depends on how much you need and when you need it. Here are three best practices for matching a financing product to a contracting job.
Match the Financing Structure to the Job Length
Choose financing based on how long the expense will serve your business. For example, a Term Loan can work for a purchase you will use for years, while a Line of Credit can suit costs that repeat every month.
Size the Request
Base the request on costs due before the first draw. Apply for enough to cover these early expenses without borrowing more than the job requires.
Plan for the Funding Cost
Ask an advisor for funding numbers before you submit the bid so your price reflects the cost of capital.
Key Things to Know Before You Apply
Here are some things lenders consider when reviewing your contractor financing application.
Your time in business
Lenders often set minimum requirements for how long you have operated.
Your credit history
Your business credit matters. Some lenders also review the owner’s personal credit.
Your financial records
Expect to provide recent bank statements plus financial statements or tax returns.
Your existing debt
Lenders review your current debt to see how another payment affects your business.
Your business documents
Keep your business license, formation documents, and other records ready if the lender requests them.
Frequently Asked Questions
National funds established contractors seeking $250K or more. Requests often reach the low seven figures. Companies at this size often run several jobs at once and need capital that scales with their backlog.
Yes. A bank or government program rejection does not prevent you from applying with National. We review your revenue and cash flow to determine whether we can structure financing for your business.
Your advisor remains your point of contact after funding arrives. When the next contract comes in, you skip the introductions and start comparing structures for the new job. We build our business on repeat relationships, so a second round follows the same advisor-led process as the first.
Construction is one of the industries we know best, and our advisors have worked with companies across many sectors. Your advisor evaluates your company based on its financials and considers the trade you work in when making a recommendation.
National has funded more than $3B and serves contracting companies like yours seeking capital for growth. If you’re thinking about financing, apply for a funding structure that works around your draw schedule.