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DTC-FUNDING
CONSTRUCTION FINANCING
Every construction business may occasionally need access to additional working capital in order to manage unexpected expenses, shore up seasonal cash flow, or fuel new growth strategies.
The DTC-FUNDING SOLUTION
DTC-Funding is dedicated to providing financial and business solutions built around the construction industry.
The construction industry is a major contributor to the country’s economy, with more than 680,000 employers and over 7 million employees creating nearly $1.3 trillion worth of new structures each year across the USA.
Working capital loans for construction businesses can be used for a number of purposes:
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- To bid on a new project: Opportunities for new projects may come along unexpectedly, and you may need fast working capital up front in order to pitch new clients that will allow you to grow.
- Plug gaps (seasonal or otherwise): Construction businesses are among the most susceptible to inclement weather and seasonal demand, making it difficult to maintain cash flow in the off-season.
- Ensure healthy cash flow during long billing cycles: Some clients may not pay till a project is completed. In the meanwhile, you still need to pay your employees and acquire supplies.
- Purchase raw materials needed to start a project: Raw materials can be expensive, and you may need to foot the cost until you’re paid in full for completing the job.
- Start a new business: Between business formation fees, office space, inventory and equipment, and other expenses, the average start up costs for a construction company are more than $42,000. Unless you have savings to draw from, you’ll need small business funding to open a new construction business.
- Expand your existing business or: Boosting your marketing campaigns and courting new business may require an investment of capital.
