FOR CONTRACTORS & CONSTRUCTION COMPANIES

Working Capital for Construction Companies and Contractors

Construction runs on cash flow you don’t control. Materials and payroll are due now, while draws, retainage and slow-paying general contractors can take weeks or months. Clear helps general contractors, subcontractors and trades like HVAC, plumbing, electrical and roofing get working capital fast. One application gives you access to merchant cash advances, short term loans and lines of credit from 100+ lenders, with funding in as little as 1 to 2 days.

Apply for Contractor Financing

Contractor Working Capital Calculator

Amount Seeking
Desired Term
Estimated Weekly Payment
$0
500,000
Start Application
Funding up to
$5,000,000
Term lengths between
3 - 36 months
Funding within
1 - 2 Days
Time in business
6 months+
Bridge Slow Pay
Cover payroll and materials while you wait on draws, retainage and slow-paying GCs
Flexible
Funds can be used for any business purpose, from mobilizing a new job to replacing equipment
No Collateral
Merchant cash advances and short term loans require no collateral

What You Need to Get Started

Minimum Qualifications

6 months in business

$250,000 annual revenue

500+ FICO score for a merchant cash advance (600+ for a short term loan)

Required Documents

Completed Application

3 most recent business bank statements

Ready to Get Started? Apply Now

One of my major vendors was slow to pay and I was having a hard time making payroll. Clear was able to quickly get me approved for a merchant cash advance. The terms were much better than I found elsewhere and I had funds in my account the very next day. Thank you Clear!

Stephen T CFO

Construction Financing FAQs

Financing by trade: HVAC contractors · Plumbing companies · Roofing contractors

Almost anything the business needs. Common uses include making payroll between draws, buying materials for a new job, covering mobilization costs, repairing or replacing equipment, and bridging retainage that won’t be released until a project closes out. Merchant cash advances and short term loans have no restrictions on the use of funds.

Merchant cash advances and short term loans can fund within 1 to 2 days of approval, and it’s not uncommon for clients to receive funds the next day. You typically need only a completed application and your 3 most recent business bank statements.

A short term loan offers up to $5 million over 6 to 36 months with interest from 11%, and generally needs a 600+ FICO score. A merchant cash advance is our easiest product to get approved for (500+ FICO) and offers up to $2 million over 3 to 24 months, priced with a factor rate from 1.14 instead of an interest rate. Your Clear loan advisor can compare offers side by side so you can choose.

A factor rate is the total cost of a merchant cash advance. For example, if you receive $20,000 at a factor rate of 1.15, you repay $23,000, so your cost of money is $3,000.

Often, yes. A merchant cash advance can work with a FICO score of 500 or higher because approval is driven mainly by your revenue and bank deposits. Short term loans generally need 600+, and lines of credit 650+.

No collateral is required for a merchant cash advance or a short term loan. If your business has significant equipment, inventory or receivables, an asset-based loan can use them as collateral for up to $10 million at lower rates, though underwriting can take up to 90 days.

Merchant cash advance payments are made daily (Monday to Friday), weekly or semi-monthly by automatic ACH withdrawal. Short term loan payments are weekly or monthly. With a merchant cash advance, payments are normally tied to a percentage of your sales, so if revenue drops you can usually ask to lower the payment.

Yes, if you’ve been in business 12 months with $400,000+ in annual revenue and a 650+ FICO score. A line of credit of up to $250,000 lets you draw funds only when a job needs them and pay interest only on what you use.

Clear is a business loan marketplace with 100+ lenders. One application lets you compare offers across products, and a dedicated loan advisor helps you choose the terms that fit your project cash flow. See how a construction company, a home builder, an HVAC company and a plumbing company got funded.