3 reasons why you need financing to grow your construction business

We know running a business requires constant cash flow to succeed and scale.

You have projects to fund, crews to pay and equipment to purchase. That’s why Buildertrend Financing gives you the cash you need to operate your business to its full potential.

With additional funds, you can better manage cash flow and potentially scale your company from a 6-figure to an 8-figure business. Whether your company is large or small, we can help.

Buildertrend Financing partners with specialized lenders who understand the construction industry better than any bank. This means we can offer better approval rates and a wide range of financing options.

Not convinced you need it? Here are three reasons why extra cash can help you work simpler – and grow your business.

Improve cash flow

Cash flow is the incoming and outgoing movement of money within a business. And managing it is the key to running a successful construction company.  

In order for your team and subs to start a new job, you first need the payment from your previous job so you can pay them. You don’t want to sit around waiting for that payment and possibly lose out on the next project – so what can you do?

Get funded through a financing lender who can help bridge the gap and allow you to take on more jobs.

Accessing external funds means never having to say no to a job because you can’t afford it. Sure, you could just stop spending extra money on things like a new truck or hiring a new team member. But scrimping and saving just to afford to continue working doesn’t help your business grow.

Plan ahead

With a looming recession, inflation on the rise and continuing labor shortages, you can’t afford not to be prepared.

Buildertrend Financing will make sure you have enough money in the bank to cover payroll and business expenses when times are hard. Whether you’re struggling to find your next project, or the cost of your usual materials has increased significantly – you won’t break a sweat.

While other construction businesses struggle to make ends meet, your company will thrive and continue to take on more profitable jobs.

Make business purchases

Need to buy new equipment? Check. Ready to expand your team? Check. Found your dream office? Check.

The possibilities with extra cash are endless. Here are a few ideas:

• Buy the best materials and supplies
• Replace or upgrade your equipment
• Open additional offices or warehouses
• Renovate your existing space
• Hire and train new employees

You can use the money for just about anything you need to operate your business – and it’s risk free. Meaning there’s zero obligation and you’re free to decline the funding if you change your mind.

When you have access to external funding, you don’t have to choose between purchasing high quality materials or finding the cheapest possible option. You can do what’s best for your business – and your clients – without breaking the bank.

Why choose Buildertrend Financing?

You’ll have access to exclusive low rates, available only to Buildertrend customers. Helpful advisors are available every step of the way. And our lenders know and understand the needs of construction businesses.

Whatever your company needs to grow and succeed, Buildertrend Financing can help you get there.

Complete your application in just 15 minutes, then review your options and choose the best offer. You’ll get funded in as quickly as 24 hours after approval.