For most construction companies, there comes a time in which they will need an influx of funding in the form of a construction business loan or construction capital financing for several reasons. A construction company may see an opportunity to do a large project and they don't have all the material on hand nor the cash flow at the moment to purchase needed supplies and expensive raw materials. There may be a vital piece of construction equipment that stops working and the small business employer may find that a construction loan or equipment financing is what they need to get out of a pinch.
The United States construction industry is one of the largest in the whole world and construction is consistently one of the very top revenue-generating industries in the world. According to the US Census, the construction industry is comprised of almost 700,000 companies and they employ more than 5 million people all across the U.S. The construction business is constantly adapting to the whatever the current economic and social climate is. The construction industry activity wavers somewhat depending on the economy and up until the covid-19 pandemic there was sustainable growth throughout many area of the construction market. Especially strong in this climate was the private development of single-family homes and even more is the growth of renovation, design and remodeling companies for home improvements. Many cities are renovating sectors and there is a demand for commercial construction work as well.
A few interesting statistics about our favorite industry- the construction business.
During the covid-19 situation there have been many challenges to construction companies including projects being shut down or payments due for work being done not being paid on time. On the other hand, many small construction or remodeling and renovation companies have been doing regular work due to individuals being at home and investing time into planning a redesign. As with any crises, there will be opportunities that present themselves. With so many workplaces nearly empty, there are many buildings with renovations and remodeling or maintenance that can be accomplished because there aren't as many people in the way of heavy construction activities. Some small construction companies have turned to government relief programs and SBA loans. Other construction companies have found that they do not qualify for SBA loans, or the banks won't loan them money or they simply need funds faster than the banks get get them funds. Where do constructions companies turn when the banks won't lent them money?
At David Allen Capital, we represent All the Top, Reputable Alternative lenders. Why are we called the 1 Stop Shopping for Alternative Loans? Because we go to all of these alternative lenders and they go to work to see if they can qualify you and they actually compete to bring you back the very best rates for your construction business! We lend to construction companies more than any other business. Why? Because the construction companies are the backbone of this country and they also typically have a reliable income stream.
We can help construction companies in 2 different financing constructs.
1. Our main avenue is Alternative Loans and Capital Advances. As mentioned above, we represent all the top alternative lenders. These are non collateral loans. Better yet, you can use these funds any way YOU see fit.
2. Equipment financing. Need funding for a specific piece of construction equipment or construction vehicle? We can help.
See details below on all of our funding for construction companies, our favorite businesses to work with.
The United States construction industry is one of the largest in the whole world and construction is consistently one of the very top revenue-generating industries in the world. According to the US Census, the construction industry is comprised of almost 700,000 companies and they employ more than 5 million people all across the U.S. The construction business is constantly adapting to the whatever the current economic and social climate is. The construction industry activity wavers somewhat depending on the economy and up until the covid-19 pandemic there was sustainable growth throughout many area of the construction market. Especially strong in this climate was the private development of single-family homes and even more is the growth of renovation, design and remodeling companies for home improvements. Many cities are renovating sectors and there is a demand for commercial construction work as well.
A few interesting statistics about our favorite industry- the construction business.
- In 2017, construction accounted for between 7% of total U.S. GDP. [FMI]
- Single-family residential construction is estimated at to have been $282 billion in 109, up 4% from 2017. [FMI]
- Multi-family residential construction rose by 1% in 2018, with $67 billion in estimated value. [FMI]
- Construction spending in the United States was just over $1.29 trillion in 2018. [Statista]
- 77% of construction spending occurred in the private sector in 2018 which came to $992 billion dollars. [Statista]
- On average, global construction costs are expected to rise 4.3%. [Turner & Townsend]
- Commercial construction was $89 billion in 2018, up 2% from 2017. [FMI]
- Home improvement spending increased by 5% in 2018. [FMI]
During the covid-19 situation there have been many challenges to construction companies including projects being shut down or payments due for work being done not being paid on time. On the other hand, many small construction or remodeling and renovation companies have been doing regular work due to individuals being at home and investing time into planning a redesign. As with any crises, there will be opportunities that present themselves. With so many workplaces nearly empty, there are many buildings with renovations and remodeling or maintenance that can be accomplished because there aren't as many people in the way of heavy construction activities. Some small construction companies have turned to government relief programs and SBA loans. Other construction companies have found that they do not qualify for SBA loans, or the banks won't loan them money or they simply need funds faster than the banks get get them funds. Where do constructions companies turn when the banks won't lent them money?
At David Allen Capital, we represent All the Top, Reputable Alternative lenders. Why are we called the 1 Stop Shopping for Alternative Loans? Because we go to all of these alternative lenders and they go to work to see if they can qualify you and they actually compete to bring you back the very best rates for your construction business! We lend to construction companies more than any other business. Why? Because the construction companies are the backbone of this country and they also typically have a reliable income stream.
We can help construction companies in 2 different financing constructs.
1. Our main avenue is Alternative Loans and Capital Advances. As mentioned above, we represent all the top alternative lenders. These are non collateral loans. Better yet, you can use these funds any way YOU see fit.
2. Equipment financing. Need funding for a specific piece of construction equipment or construction vehicle? We can help.
See details below on all of our funding for construction companies, our favorite businesses to work with.
Fast Alternative Business Loans for Your Construction Company
$10,000 - $1,000,000 or more
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Easy Loan Online Process for Construction Businesses Decision to you within 1 day Capital as soon as 1 - 2 days |
No Obligation to Hear TermsNo obligation to apply, qualify and hear the small business loan terms. If you don't like the small business loan rates for your construction company loan, you just say "No thank you." No problem!
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Top-Rated ProvidersLooking for a LEGIT alternative lender for your construction business loan? Our Parent company is a 21 year old NASDAQ publicly traded business! We identify and represent only the top-rated, reputable, transparent, quick turn-around capital providers.
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Best Prices!1 FREE application from you and we go to all these providers, they compete in prices & we bring you back the best prices available. We've have delivered more than $10 Billion to small businesses including construction firms like yours.
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Use Funding Your WayYou use these loan or capital funds any way you want for your construction business. Unlike some of the Big Banks, we do not dictate how you use the loan or capital advance for your business! Building Supplies. Construction supply. Construction Materials. Construction vehicles or tools
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What Will It Cost Your Construction Company for the loan or Capital Advance? DAC pricing is transparent and simple - like it should be! We do not discuss small business rates like the Big Banks- because it's very confusing, can seem misleading and they don't show you the total cost. DAC will gladly show you the total payback cost of the capital advance for your construction business. Again, unlike the banks, we do NOT charge an application fee! We Are Better
Where to go to get small business loan for your construction company especially if you're credit score is not great?* Traditional banks are not lending nor doing advances like they used to. We represent all the top alternative, non-traditional business loan providers and capital advance partners, so we can provider your business with the best rates/pricing on your construction business capital loan or advance. We provide capital faster than a traditional bank with less intensive qualifications. Your revenue is valued most, rather than your credit score. We want to fuel your growth! |
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Qualifying Your Construction Business for a Loan is Easy!
Where do you get a small business loan* or advance for a construction company when the banks say no? Good News for small construction businesses looking for loans* or capital funding all across the whole U.S! The minimum qualifications of our providers are less intensive than those of traditional banks!
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TIME IN BUSINESS
Only need a minimum of four months in business |
PERSONAL CREDIT
Personal credit score must be at least 500+ |
ANNUAL REVENUE
$100k+ revenue in the past 12 months |
INDUSTRY
Over 700 Different Industries Served- we are ready to help |
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MORE AFFORDABLE
Our fundings are typically up to 50% less expensive than a traditional merchant cash advance. |
FAST CAPITAL
You submit your application and we provide you with a fast decision. |
AUTOMATIC PAYMENT
DAC sets you up with regular fixed auto payments so payments run smoothly with no surprises. |
NO COLLATERAL REQUIRED LOANS
Unsecured small business loans get approved by alternative lenders |
Ready to get funded? Receive Your Decision In Minutes for your Construction Company.
Business Owners are looking for instant approval business loans. Get our automated pre-approval in minutes.
PRE-QUALIFICATON
Complete the online form by clicking the "qualify now" button. We will review and then contact you to discuss available options and answer any questions. |
COMPLETE APPLICATION
Complete the simple application which will provide our lenders and advance companies with more business, personal, and financial details on your construction company. Submit to us with a few requested documents. |
SUBMIT DOCUMENTS
To verify the application and secure approval, we request 4 months of bank statements, a copy of your last years business tax return, a cancelled check, and a copy of your drivers license. |
Equipment Financing for Your Construction Business Growth the Fast and Easy Way
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Get the Equipment You Need to Grow Your Construction Business!
Don't sacrifice potential growth or profits. Get the equipment you need to grow.
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Need to Lease Equipment? There's no reason for you to pass on opportunities for your construction company.
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A Financing Plan Designed for Your Construction Company.
Let us craft a plan that works for you.
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WHAT IS EQUIPMENT FINANCING or Leasing?
Equipment Financing is a capital advance for a business to to procure essential equipment they need for growth, emergencies, or any other essential purpose. Equipment Financing is used when a company needs a hard physical asset for their business and don't have or don't want to use the cash on hand so they seek a loan or to lease the equipment. For the lender, it is more of a low-risk because the equipment is collateral. If the business defaults on the loan or lease, the lender can repossess the equipment.
Examples of common business equipment financed: Construction equipment, Dump Trucks, MRI machines, Dentist Chairs, Doctor Equipment, Farm Equipment, X-Ray Machines, Work vehicles, Trucks, Copy Machines, Restaurant Oven, Phone Systems, Computers- ANY EQUIPMENT FOR BUSINESSES (except cars).
Why is Equipment Financing better for the business than just a traditional loan with an alternative lender? Equipment Financing is more affordable in that you can spread out the terms or repayment over a longer time period with a monthly payment that is lower. That is far more affordable than just a loan which would be paid back in a year or 2 at a higher rate. The business owner can be utilizing the equipment they are leasing or financing and acquiring a profit from the use of this equipment while they are in the process of paying it off. We are the top alternative option for equipment financing for small businesses including small trucking businesses, small construction companies, small restaurant businesses, small retail store businesses and more.
Easy and Fast Equipment Financing for your construction company or any business!
EASY STEPS TO FAST FUNDING FOR YOUR SMALL CONSTRUCTION BUSINESSES
EASY STEPS TO FAST FUNDING FOR YOUR SMALL CONSTRUCTION BUSINESSES
- PRE-QUALIFICATON: Complete the online form by the "qualify now" button. DAC will review and then contact you to discuss available options and answer any questions.
- COMPLETE APPLICATION: Complete the easy and fast application which will give our lenders and advance construction companies with more business, personal, and financial details that they need. Submit to us with a few requested documents.
- SUBMIT DOCUMENTS: To verify the application and secure approval, we request 4 months of bank statements, a copy of your last years business tax return, a cancelled check, and a copy of your drivers license. That's it!
Looking for Low Cost Small Business HEALTH CARE Coverage Benefit Plans?
Our Partner Has These Incredible Plan Features:
- Low Monthly Cost
- No deductibles
- No pre-existing limitation on base plans
- Uses the largest PPO network in the U.S. so coverage is everywhere
- ERISA compliant, ACA compliant, Tax compliant
- Refund of unused group claim money
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This website is not an official David Allen Capital, Inc. corporate website. This site is maintained by Shannon D. Smith, an independent DAC agent. Shannon D. Smith is not a loan broker nor loan agent but rather an independent sales agent / rep sending businesses to DAC to examine funding offers from lenders DAC represents. DAC Corporate Office: 525 N Main St Suite 270, Milford, Michigan 48381.
© 2008-2020 David Allen Capital, Inc.; additional content copyright Shannon D. Smith. All Rights Reserved. |
* Any occurrence of the term word “LOAN” or “LOANS” on this website is for informational purposes. Some of the lenders that DAC represents process loans and other times, more often, it is an advance against future earnings. The use of the term loan or loans is not necessarily an offer of a “loan" depending on providers, state and paperwork. “LOAN” is a sometimes used here as the common colloquial word used in everyday speech when sometimes "advance" is a better term therefore, "Loan" may be used for search purposes. Note: we do NOT refer or process "loans" in or for any company based in California but DAC lenders do process "advances" for California businesses.
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Content presented on this website is for information and education purposes only. The information is presented for potential interest or use of DAC Capital provider options. Information obtained from this website is strictly voluntary, and any reliance on it should only be undertaken after an independent review of its accuracy, completeness, and timeliness. None of the information on this site constitutes legal advice. We are not affiliated with the Small Business Administration (SBA).
@ All buttons with the words "qualify now" take you to our secure corporate affiliate link |
