Construction business financing

Loan amounts through Lendio’s network range from a few thousand dollars to $5M or more, depending on the product and lender. For contractors with strong monthly revenue and a solid credit profile, business lines of credit and term loans in the $100K-$500K range are commonly funded.

Yes, and this is one of the most common situations we see from construction businesses working with Lendio. The timing between completing work and payment creates a gap that has to be bridged. Lendio’s lender network understands draw cycles and outstanding invoices as part of your financial picture, not a red flag. If you have a specific payment coming in and need to get there, that context works in your favor when lenders are evaluating your application.

In many cases, yes. Bank declines in construction are often structural in nature. Your revenue is project-based, and harder to underwrite with standard credit models, or the loan size requested, which is usually under $500,000, may cause friction with the bank’s underwriting costs. None of those reflect on your business quality. Lendio’s Marketplace includes lenders who are set up to evaluate construction businesses on the full picture (revenue, business history, and what the capital is being used for).

No. The minimum across our network is 600, and many construction businesses we work with have been funded successfully with scores in the 600–680 range. Credit score is one input, not the whole story. Lenders in our network also look at monthly revenue, time in business, and what you're using the capital for. A contractor with a clear repayment source, such as an incoming draw, an outstanding invoice, or a signed contract, is a stronger applicant than a credit score alone suggests. If you're above the minimum and your business is generating consistent revenue, it's worth seeing what the network surfaces.

The fastest path through Lendio is 24 hours from offer acceptance to funds in your account, and some lenders in our network can move that quickly for straightforward applications. In practice, a few things affect timing: how quickly you can connect your business bank account or upload statements, whether additional documentation is needed, and which lender you match with. Most borrowers who complete their application in full and respond quickly to any lender requests are funded within a few business days. If speed is critical (payroll due Friday, a vendor payment that can't wait), let your funding manager know upfront. They can prioritize options from lenders who move fastest.

Yes. Most business loans for contractors in Lendio's network are written to LLCs, S-Corps, sole proprietors, and other entity types. What matters more than the entity structure is the underlying business: monthly revenue, time in business, owner credit, and what the capital is for.

Not always. Many business loans for contractors in Lendio's network are unsecured, with the lender relying on revenue, credit, and a personal guarantee from the owner. Equipment financing is self-collateralized (the equipment itself secures the loan). SBA 7(a) loans above $50K typically require collateral if it's available, but a lack of collateral alone won't disqualify a strong applicant. Invoice factoring is secured by the invoices themselves, not by hard assets.