Business Financing For Ohio Construction Companies

The construction industry is second only to therestaurant industry in volatility. We all wish we had a crystal ball to look into the future, but those wishes won’t fix that either. But, with a working capital cash infusion from Greenbox Capital, you will be able to make predictability in your Ohio construction business the rule, rather than the exception. Rest easy knowing you have financial support from one of our flexible funding solutions such as a short-term Small Business Loan¹, Invoice Factoring or a Merchant Cash Advance²,  it’s within your reach to run your Ohio construction business instead of it running you. 

In fact, access to active working capital is the key in solving many challenges that Ohio small businesses will face. In reality, small businesses find it next to impossible to be approved for small business loans or other financing for their privately-owned company from banks and traditional lenders.  The solution and path to business success is alternative funding from Greenbox Capital. Our funding solutions are very easy to apply for, geared toward small businesses that may have poor credit, zero collateral needed, and the money can be accessed in as little as 24 hours. 

At the very least, in the short-term, availability of funding provides Ohio small businesses with the opportunity to operate “normally”. It’s the very first step to take a business from barely cutting it, to stability, and then on to growth and max potential!

Consider the following challenges Ohio based construction businesses can face:

Fast Solution
Long-Term Success

Lack of tools or tools in need of upgrade or repair

Missed or upcoming deadlines

Fast business cash advance to immediately repair broken tools or rent until new purchases can be made

Working Capital on hand to plan ahead and invest in more future growth. Tools are regularly inspected, maintained and replaced before crisis strikes

Jobs are lined up for next 3 months but after that… who knows?

Interruption in cash flow that could force company to take less profitable contracts in desperation, or cut workforce.

Fast short-term loan to add staff so you can focus on bidding for new profitable jobs; Advertise for customer aquisition; Cover payroll; Keep inventory stocked to avoid costly rush orders

Working Capital available for company to flourish and prosper. Win more contracts; Implement growth plans and change; Build your team; Add revenue streams; Build a showroom; Retain clients; Gain referrals

Negative cash flow due to late account receivables but insurance premiums are due now, licensing needs to be renewed, OSHA compliance deadline is tomorrow

Business could close; Lost contracts; On-the-job fines; Damage to reputation has long-term effect

Business line of credit to draw cash when needed; Renew advance easily and quickly to keep positive cash flow

Working Capital loan or Invoice Factoring keeps cash flow positive

Obtain peace of mind and ability to plan ahead to prevent fatal business problems

Greenbox Capital Funding Solutions

Invoice Factoring

This business funding method is so easy and convenient, we have been told time and time again that it’s actually hard to stop using it! Invoice factoring allows Ohio businesses to get paid now for accounts receivable that are still due and not collected. Whether your customers are late in paying or you simply haven’t had the chance to bill and follow up. It’s a great option to sell those unpaid invoices to Greenbox Capital in exchange for cash up front! You are able to collateralize unpaid invoices and receive $5,000 to $250,000 in cash business financing. 

Depending on your customers’ credit, Greenbox Capital will advance you upfront as much as 80% of the value of your invoices. You will receive the remainder after all of the invoices are paid, minus a small fee. Another benefit of invoice factoring is that it’s not your credit that matters. The fee on the amount funded typically ranges from 3% – 5% of the invoice value. Terms are typically 2 to 3 months, so fees average 1.5% to 2.5% per month.

To get started, complete our application and provide just 3 months of bank statements, the invoices that are to be factored, and contact information for your accounts receivable manager.

Merchant Cash Advance

This kind of funding helps enable Ohio business financing based on future credit card receipts. You can apply easily for a working capital advance and access to funds in as little as 24 hours. Approvals do not require collateral, and is available to businesses that have poor credit. Our funding amounts range from $5,000 to $250,000. Typically, business owners who average $7,500 revenue over the past three months can qualify for a cash advancement equal to 70% to 100% of their monthly revenue.

Business Line of Credit

A business line of credit provides the flexibility to draw on cash as needed and not all at once. Renewals with business lines of credit are possible without 50% payback of the original advanced amount. We also offer special programs such as 3 Stip Cash Advance and an Early Pay-Off option. Additionally, ask about a collateral-backed merchant cash advance or small business loan if your cash flow doesn’t meet unsecured business funding requirements.

¹ Greenbox Capital Small Business Loans may not be available in all regions of the United States or Canada.
² Greenbox Capital Merchant Cash Advances may not be available in all regions of the United States or Canada.

For a free consultation, please complete our application or contact our Merchant Account Service Team.