Working Capital for Construction Businesses

The construction industry is second only to restaurants in volatility. Wishing you had a crystal ball into the future won’t fix that either. However, with a working capital cash infusion from Greenbox Capital, you can make predictability in your construction business the rule rather than the exception. Rest assured with 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 construction business instead of it running you. 

In fact, access to working capital is the key to solving most challenges small businesses face.  However, the reality is that small businesses find it next to impossible to get business loans or other financing for their privately-owned company from banks and other traditional lending institutions.  The solution and path to business success is alternative funding from Greenbox Capital. Our business funding solutions are easy to apply for, geared toward small businesses that many have bad credit and no collateral and the money can be received in as few as 24 hours. 

At a minimum, in the short-term, the availability of cash gives small businesses the opportunity to operate “normally.” It’s the first step to take a business from barely making it to “normal stability” and then on to growth and maximum potential.

Consider the following challenges construction business can face:

Obstacle
Impact
Fast Solution
Long-Term Success

Lack of tools or tools in need of upgrade

Missed 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 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 could force company to take less profitable contracts in desperation

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

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

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

Business could fail; 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 convenient, we’ve been told that it’s actually hard to stop using it! Invoice factoring enables a business to get paid now for accounts receivable that are due. Whether your customers are late paying you for services or you haven’t had the chance to bill and follow up on payment,  a great option is to sell those unpaid invoices to Greenbox Capital in exchange for cash upfront. You can collateralize unpaid invoices and receive $5,000 to $250,000 in cash business financing. 

Depending on the creditworthiness of your customers, Greenbox Capital will advance you upfront as much as 80% of the invoice value. You receive the remaining percentage due after all of the invoices are paid, minus a fee. Another benefit of invoice factoring is, it’s not your credit profile that matters.  It’s the credit score of your customers that determines your approval and fees. The fee on the amount funded normally ranges from 3% to 5% of the invoice value.  Terms are usually 2-3 months, so fees are about 1.5%-2.5% per month.

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

Merchant Cash Advance

This type of funding enables business financing based on future credit card receipts.  Apply easily for a working capital advance and access the funds in as little as 24 hours. Approval does not require collateral and is available to businesses with bad credit. Funding amounts range from $5,000 to $250,000. Generally, business owners averaging a minimum of $7,500 revenue over the past three months can qualify for a cash advance equal to 70% or 100% of their monthly revenue.

Business Line of Credit

A business line of credit provides the flexibility to draw on cash as needed. 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.