Contractor Line of Credit
Flexible Working Capital for Construction & Trade Businesses
Contractors often face a frustrating reality… jobs pay slowly, but payroll, materials, and equipment must be paid today.
A Contractor Line of Credit (LOC) provides flexible access to working capital so you can keep projects moving without stressing about cash flow.
At Stellar Business Funding, we help contractors secure lines of credit designed specifically for construction businesses.
Whether you’re managing payroll, purchasing materials, or covering gaps between invoices, a revolving credit line can give your business the breathing room it needs.
What Is a Contractor Line of Credit?
A contractor line of credit works similar to a credit card for your business.
You are approved for a credit limit and can draw funds whenever needed. As you repay the balance, the funds become available again.
This allows you to use capital only when necessary and avoid taking out large loans when you don’t need them.
Common Uses for Contractor LOC Funds
Contractors frequently use lines of credit for:
• Payroll while waiting for project payments
• Purchasing materials and supplies
• Equipment repair or replacement
• Bridging slow accounts receivable cycles
• Mobilization costs for new projects
• Managing seasonal cash flow
• Emergency job expenses
A line of credit helps contractors stay focused on finishing projects instead of worrying about short-term cash shortages.
Minimum Qualifications
Approval requirements depend on the risk level of the industry and overall business profile. The following guidelines provide a general overview of the minimum criteria lenders typically look for.
Basic Business Requirements
• Business operating for
at least 2 years (3+ years for higher risk industries)
• Minimum
credit score of 600+ (630+ for high-risk industries)
• Minimum
$50,000 average monthly revenue
• Active
business bank account receiving deposits
• Owner must be
current on existing obligations
Revenue must be
deposited into the business bank account each month.
Get Pre-Qualified
If you’re a contractor looking for flexible working capital, a line of credit may be the simplest solution.
Pre-qualification takes just a few minutes and does not affect your credit.
Apply today and see what options may be available for your business.
About Stellar Business
Funding
With decades of experience with construction loans, small business loans, mobilization funding, credit card processing, and business cash advances, Stellar Business Funding is passionate about helping businesses get the funding they need to grow, evolve, and find success. Led by Chief Funding Advisor Shannon Harris, our small business lending team will help you find the perfect funding options for your business, and provide flexible loan terms and customizable payment plans so your funding works with your business operations—not the other way around.
Why Choose Stellar Business Funding?
Stellar Business Funding isn’t just a handoff of money—it’s a partnership with a tried-and-true small business loan team that’s passionate about helping you grow your business and find success in the short-term and long-term.
Cash flow problems can make it seem like your business is stuck in a rut with no possibility of growth and expansion—you might have to say no to projects that could grow your brand, or even halt progress on current projects if times are tough.
Contractors and construction companies aren’t the backbone of America—they build the backbone of America. If they can’t take on the projects they help America grow and expand, then who will?
With Stellar Business Funding, this contractors LOC helps construction businesses grow so America can follow suit. With a quick turnaround and flexible loan terms, Stellar gives you the working capital you need for:
- Payroll
- Equipment
- Supplies
- Materials
- Insurance
- And much more!
It allows you to have more peace of mind knowing that you’re able to keep your projects moving effectively and efficiently from invoice to invoice. This program is designed to help contractors take on larger projects while giving the assurance that there will be monetary coverage for materials and labor from start to finish.
We provide you with the funds to gain capital you need to bid on larger jobs or to get a project off the ground. Let us give you the capability to fund larger jobs and the materials and personnel that come along with that. Apply now or contact us today to see if your business qualifies.
Stability Plus
Truth and Integrity with
Excellent Customer Service, Offering Business
Loans, Cash Advances, Credit Card Processing & Equipment
Leasing at
Affordable
Rates