Exploring Essential Funding Programs for Commercial Construction
Cheryl Tibbs
Equipment Finance Consultant @ Equipment LeaseCo | A+ BBB Rating, NEFA Member
In this week’s edition of "The Commercial Growth Spectrum," we’re diving into the critical topic of funding solutions for commercial construction companies. Whether you're looking for working capital to manage daily operations or financing for equipment and real estate, Commercial Capital Connect (CCC) offers a variety of flexible options to meet your needs.
Working Capital Programs
In the fast-paced world of commercial construction, maintaining a steady cash flow is crucial. At CCC, we provide robust working capital solutions to keep your business financially healthy and ready for growth.
Unsecured Line of Credit
Overview: Gain flexible access to funds without collateral. Amount: From $20,000 to $10 million. Benefits: Quick approval, high approval rates, and the ability to draw funds with 24-hour notice. Terms: Fixed interest rates for up to six months, no hidden fees, and tax-deductible interest.
Unsecured lines of credit are perfect for businesses that need ongoing access to capital for operational expenses or unexpected costs. This flexibility allows you to draw funds as needed and repay them when cash flow improves.
Term Loans
Overview: Fixed-term loans to finance specific projects or business needs. Amount: From $20,000 to $10 million. Benefits: Structured repayment terms, predictable monthly payments, and a swift approval process. Terms: Repayment terms from 12 to 36 months with low fixed payments, locked-in interest rates, and minimal documentation required.
Term loans are ideal for larger projects or investments, providing a lump sum of capital that is repaid over a fixed period, allowing you to plan your finances with confidence.
Revenue Advance
Overview: Obtain an advance on future revenue to manage cash flow gaps. Amount: From $20,000 to $10 million. Benefits: Quick access to funds, repayment tied to sales, and minimal documentation required. Terms: Flexible repayment aligned with revenue flow, no need for collateral, and tax-deductible interest.
Revenue advances allow you to borrow against future revenue, providing immediate capital to cover current expenses or seize new opportunities without waiting for future sales.
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Equipment Financing Programs
The right equipment is vital for the efficiency and success of construction projects. CCC offers comprehensive equipment financing solutions to help you stay equipped with the latest technology and machinery.
Regular Lease and Loan Products
Overview: Finance new or used equipment through leasing or loans. Amount: Up to $10 million. Benefits: Preserves cash flow, flexible repayment terms, and potential tax advantages. Terms: Up to 60 months for equipment up to 20 years old, and up to 48 months for older equipment.
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Leasing and loan products enable you to acquire essential equipment without the burden of large upfront costs, keeping your liquidity intact while staying operationally effective.
Sales Leaseback
Overview: Leverage the equity of free and clear equipment to obtain cash. Amount: Up to $10 million. Benefits: Access immediate cash without selling equipment, maintain operational capacity, and flexible terms. Terms: Funding for up to 100% of comp value, no need for collateral, and quick approval process.
Sales leaseback arrangements let you convert the equity in your equipment into working capital while still retaining the use of the equipment, providing a financial boost without disrupting operations.
Commercial Real Estate Financing
From purchasing and refinancing properties to funding ground-up construction, CCC offers comprehensive commercial real estate financing solutions tailored to support your projects.
Purchase or Refinance
Overview: Finance the acquisition or refinancing of commercial properties. Amount: Customized based on project needs. Benefits: Competitive interest rates, tailored repayment plans, and expert guidance throughout the process. Terms: Project-specific evaluation and customized terms based on the property and business needs.
Real estate financing helps you invest in new properties or refinance existing ones to improve cash flow or fund further expansion.
Ground-Up Construction
Overview: Fund the construction of new commercial properties from the ground up. Amount: Customized based on project needs. Benefits: Full project financing, flexible draw schedules, and experienced support. Terms: Project-specific evaluation and financing tailored to the construction timeline and requirements.
Ground-up construction financing provides the necessary capital to bring new commercial buildings to life, ensuring you can develop your properties without financial constraints.
Why Choose CCC?
For more information on how CCC can support your commercial construction financing needs, visit www.commcapconnect.com or contact us directly.
Stay tuned for our next article, where we will return to our "Building Success in Commercial Construction" series, exploring strategies for overcoming common challenges in construction projects.
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