Trade Contractor Business Loans in Florida
The construction industry is a booming business that has been growing steadily for the past few years. With more and more people spending money on their homes, there’s no shortage of work for contractors. Trade contractor business loans in Florida are designed to ease the process of getting started in this field but with so many different options available, it can be hard to figure out which ones are right for you. We will discuss how to find the best contractor loans in Florida that suit your needs and give you what you need to get started.
You have a lot of questions about construction industry loan in Florida. We’ll try to answer them in this general contractor loan page, but you should also do your own research before making any decisions.
- How much money can I get for my trade contractors business?
- How fast will it be available?
- What are the terms and conditions?
- The first question is “What kind of loan am I looking for?”
- There are two types: secured or unsecured.
- Can you get a general contractors loans without collateral?
- Why are consumer loans less secured than a business loans?
- What is secured funding?
- How to get a $250 000 construction equipment loan?
- Can I get a construction industry business loans without any assets?
- How to get a loan for construction contractors without security?
- How do merchant cash advances work?
- What is a business cash advance?
How much money can I get?
1234 Funding can provide you with access to up to $1.2 million in 72 hours or less. You will receive a written offer within hours of submitting your application and the funds can be in your account in 72 hours or less! That’s right 1234 Funding has redefined the process for getting an unsecured loan fast for your general contractor loans in Florida!
The main requirement is your current cash flow and your general contractor operations for the last 6 months. All you need to do is submit a one-page application along with 6 months business bank statement and or 6 months credit card statements.
How fast will it be available?
1234 Funding can provide you with access to up to $1.2 million in 72 hours or less. You will receive a written offer within hours of submitting your application and the funds can be in your account in 72 hours or less! That’s right 1234 Funding has redefined the process for getting an unsecured General Contractor Business Loans in Florida fast! It is possible to get approved and funded the same day based on wire transfer cutoff times.
Most general contractor business get funds in their account within 72 hours of submitting their application.
What are the General Contractors Business Loans in Florida terms and conditions?
The terms and conditions all vary based on the written offer that is present. But these are our standard loan terms and conditions. To find out what your loan terms would be all you need to do is submit your Merchant Cash Advance application today.
What kind of loan am I looking for?
The best type of loan for your General Contractors Business depends on what you are looking to accomplish. Secured loans have lower interest rates but come with more stringent requirements and time frames. Unsecured loans can be obtained faster, but may not offer the same competitive benefits that secured loans do.
A general contractor loan is generally unsecured because of the fast time to close a loan. When time is money allowing you to move fast and capitalize on opportunities is critical to your general contractors business success. Traditional banks also make it extremely difficult and time-consuming to obtain a loan if you can even obtain a General Contractors Business Loans in Florida.
The type of loan you will be getting is based on what you are using the money for. If you are getting an unsecured general contractors business loans you can use the funds for anything you want.
We offer financing solutions for many different situations, including:
- General Contractors Business owners who want to invest in equipment or expansion of construction project
- Reduce Or Retire Debt
- Expand Or Remodel Your Current Construction Industry Business
- Buy A New Additional Location
- Buy Out Partners
- Take Advantage Of Better, Volume Or Special Pricing & Terms By Paying Cash
- Expand Marketing And Advertising Programs
- Fund Benefit Programs – Insurance, Retirement, Fund Bonus Incentives
- Prepare For Special Seasons With Inventory And Staff
- Develop New Products And Services, Research And Development
We’re here to help! Fill out our quick loan form.
1234Funding makes getting working capital fast and easy. So if you need quick fund for your contractor loans business needs, submit your application today!
Get started by learning more about our General Contractor Business Funding or MCA application process here!
There are two types of General Contractor Business Loans in Florida: secured or unsecured
Unsecured general contractor business loans will not require security, while secured ones may need an asset (like a car) that can be taken if you don’t make payments on time. Secured business loans tend to have lower interest rates than unsecured ones because there is less risk involved with loaning someone money when they pledge something.
Can you get a trade contractor business Loans without collateral
Yes, 1234 Funding offers unsecured loans. This means you can use the funds for anything your construction equipment funding needs or wants.
If you are a well-established company with proven revenue and no debt this process may be right for you. There is very little paperwork to complete in order to get an unsecured loan from us!
Why consumer loans are less secured than a small business loan
The main reason businesses get unsecured loans is because they don’t have security to offer. The lender believes that if the company fails, which has a very low probability of happening, it will be able to recoup its losses by liquidating assets like inventory or equipment. This makes it easier and faster for companies with less than perfect credit or finances to get a loans.
Personal loans are attached to a person’s line of credit and or credit score.
What is secured funding?
Secured funding is when the lender has a stake in your construction business, which means they’re more likely to approve you for an unsecured loan. Loans can be secured by bond such as property or other assets that are of a certain value and will ensure repayment of loans if the borrower defaults on their payments. A mortgage would fall into this category. Yet, 1234 Funding provides businesses with unsecured business loans fast.
How to get a $250 000 construction equipment business loan?
1234 Funding will connect you with fast and easy unsecured loan solutions from $25,000 to more than $250,000. Our lender partners are experts in their field who have offered loans for many years – so they know what it takes to close on your request quickly and efficiently! So if you’re looking for an unsecured loan. Connect with our team today to submit your application today and get your equipment funding within 72 hours or less.
Can I get a trade contractor business loans without any assets?
Most construction business loans require assets to act as bond. However, 1234 Funding’s unsecured business loan options allows you to get a fast and easy solution without any asset requirements!
How to get trade contractor business loans without security?
If you don’t have assets to act as bond on your request, 1234 Funding’s unsecured option is the perfect solution for you!
We offer fast and easy solutions from $25,000 all the way up to more than $250,000. Our lending partners are experts in their field who have offered loan options for years. If you need a construction business loan fast. Let our team help you get access to up to $1.2 Million within 72 hours or less.
How do merchant cash advances work?
A MCA is a fast and easy solution to help your construction business grow.
We offer 12 different financing options that can get you the money you need within 72 hours or less. If you’re looking for an unsecured loan, look no further – we have over 15 years of experience in this field with hundreds of satisfied clients.
MCA work based on advance cash based on your monthly cash flow or credit card revenues.
What is a business cash advance?
A commercial construction business cash advance or fast general construction business loan is a short-term, high interest rate type of financing options for construction businesses. Typically these loans are small in size, ranging from $5000 to $1.2 Million and have an average term period of six months to 24 months. They can be either unsecured or secured by something pledged as security for repayment of a loan such as equipment, inventory, accounts receivable or real estate.
What are the advantages?
It’s quick! Commercial Construction Business owners can receive funding within days if not hours depending on the lenders that they visit. It also has no credit check so entrepreneurs with a limited personal credit history will still qualify for this type of financing options.
It’s fast! General Contractors Business owners can get equipment funding within days if not hours depending on the lenders that they visit. It also has no credit check so entrepreneurs with a limited personal credit history will still qualify for this type of financing options.
What are the disadvantages?
Poor interest rates – A Commercial Contractors business cash advance is typically an expensive form of short-term financing options because it carries high-interest rates, usually around 18%. These loans should only be taken out when other forms of financing options have been exhausted and cannot find any other options to finance your company such as bank loans or small business lines of credit from banks. Bank loan requirements might include having something pledged as security for repayment of a loan and maintaining good personal financial standing whereas secured lenders offer higher borrowing limits but require collateral like property, cars, and other valuables.
Unsecured loans are the best option for borrowers who have bad credit and want to take out a loan, but lenders usually require guarantee in order to be able to offer an unsecured trade contractors business loan.
What is secured lending? Secured lending means that the lender will not lend you money unless they are allowed access (through your property) if you default on payments or fail to make repayments as agreed. A mortgage can be considered one form of secured lending because it allows people with little or no financial history to borrow large sums from banks by using their home equity as security against repayment—in this case, equity makes up what would otherwise need be paid back.