How a Line of Credit Can Strengthen Your Construction Business
Running a construction business means juggling rising costs, delayed payments, and constant overhead. A business line of credit gives you the flexibility to cover payroll, purchase materials, and handle the unexpected, without draining your cash reserves.
Why It Matters
In construction, cash flow timing can make or break a job. A line of credit gives you access to funds when you need them, helping you avoid late fees, seize new opportunities, and keep projects moving forward.
What You’ll Need to Qualify
Requirements vary, but most lenders look for:
- 2 years in business
- $300,000+ in annual revenue
- 680+ personal credit score
- Healthy debt-to-income ratio
- Business bank statements
Need help figuring it out? We’ll walk you through it.
How to Use It
A construction line of credit is a flexible tool you can tap into as needed. Use it to:
- Bridge cash flow gaps
- Buy tools, materials, or equipment
- Cover payroll or subcontractors
- Handle emergencies
- Take on larger jobs with confidence
The key? Set it up before you need it, so you’re always prepared.
Rate Tracker Can Help
We work with a wide network of lenders to help contractors access long-term credit that actually supports growth, not high-interest debt traps. Whether you’re expanding or just looking for breathing room, our team is here to help.
