Ready To Move Your Business Forward?
Types of Construction Loans
What Customers Are Saying
John Meier, Owner
Bob’s Home Heating & Cooling
It was time for "Bob" to retire, which meant opportunity for John. As he looked to buy the business, he needed to make sure capital was in place to support the extremely seasonal Minnesota-based business. With a hands-on, consultative approach to small business loans, National Funding helped secure the right amount of funding and made the process "painless."
Why National Funding?
Whether you’re a general contractor or a subcontractor, we understand your business challenges.
With a friendly, custom-tailored approach for your unique business,
we deliver the funding solutions to solve them.
We Know Construction Businesses
construction business owners
Trusted by Businesses Like Yours
Over $2 billion in funding to more than
40,000 businesses nationwide
Lending solutions and payment options
tailored to your specific needs
Loan Specialists Who Care
Experienced Loan Specialists help
you make the right decision
No collateral requirements, plus simple,
Construction Business Resources
Funding a construction business has a lot of moving parts. Literally.
So whether you’re looking to learn more about the mechanics of construction business loans
or how to get the most out of them, you can dig deeper with these blog articles.
With the industry moving so swiftly, and technology advancing at an even faster pace, construction business owners have to keep up if they want to have a shot at getting ahead. This isn’t easy news for these owners to digest, with some of them doing things ‘the old way’ for years (or generations) now. [We] understand it’s expensive to make these choices, but here’s why it’s worth it.
As a construction business owner, you’re probably all too familiar with the challenges facing the construction industry —like finding work for your business year-round or keeping skilled laborers on the payroll. Practicing efficient cost control, however, is a core aspect of running a successful construction business. It can help ensure you have the resources you need when and where you need them and can help you increase profits.
Maybe you feel overwhelmed by the difficulty in keeping a steady supply of skilled laborers available. So what’s the solution here? There are many ways construction businesses can work to overcome the current construction labor shortage. There is a series of small, incremental solutions that you can put to work, along with financial investments you can make to define an action plan for moving forward.
Ratings & Reviews
We are very proud of what our customers are saying on TrustPilot.
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.