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Contractor Business Loan

Dated October 14, 2026

A contractor business loan is financing built around how construction and trade businesses actually run, with upfront costs for materials, equipment, and crews, and payments that often arrive weeks after the work is done.

Why contractors look for financing

• Buying materials before a job starts
• Covering payroll while waiting on progress payments
• Buying or repairing equipment and vehicles
• Bidding on larger projects
• Managing retainage that's held until a project wraps up

Options contractors often look at

• Business line of credit. Draw funds between progress payments.
• Equipment financing. The equipment itself secures the financing.
• Invoice financing or factoring. Get cash for invoices your clients haven't paid yet.
• Short-term working capital loan. A lump sum covers job costs.

What lenders typically look at

• Time in business
• Revenue and cash flow
• Business and personal credit
• Recent bank statements
• Contracts or invoices for current work
• Existing debt

See what fits your business