Cash flow gaps are part of running a construction business. Materials need to be ordered before invoices close, subcontractors need to be paid before milestones are reached, and slow-paying clients can leave a healthy operation short on working capital. A construction line of credit through Platform Funding gives established construction companies a revolving credit facility to draw on as needed and repay as payments come in.
If your construction business has been generating $250,000 or more in annual revenue, you may qualify.
How It Works
A construction line of credit is a revolving credit facility that gives established construction businesses access to working capital they can draw on, repay, and use again without reapplying. Platform Funding offers lines of credit to construction companies with at least 12 months in business and $250,000 or more in annual revenue, with funding decisions delivered in 24 to 48 hours.
A business line of credit is a revolving facility. You draw on an approved credit limit, repay what you use, and the credit becomes available again. There are no fixed monthly payments tied to a lump sum you did not need. Platform Funding reviews your application and delivers a decision in 24 to 48 hours.
Who Qualifies
Platform Funding works with established construction businesses. To be considered, your business must meet the following:
- At least 12 months in operation
- $250,000 or more in annual revenue
- U.S.-based construction business
This product is not available to startups or businesses that have not yet generated revenue.
Apply in minutes. Platform Funding delivers construction business funding decisions in 24 to 48 hours. Apply now at Platform Funding
Why Platform Funding
Platform Funding has funded over $2 billion to more than 30,000 businesses nationwide. We carry an A+ rating from the Better Business Bureau and a 4.8 out of 5 rating on Trustpilot.
Construction companies often consider a line of credit alongside revenue-based financing, equipment financing, or a business loan. Our how it works page walks through each option. If you are reviewing all capital options available to your industry, visit our construction business financing industry page for the full picture.
FAQs
What does a construction business need to qualify for a line of credit at Platform Funding?
Your construction business must have been operating for at least 12 months and generating a minimum of $250,000 in annual revenue. Platform Funding does not fund new or pre-revenue businesses.
How quickly can a construction business get a funding decision from Platform Funding?
Platform Funding delivers funding decisions in 24 to 48 hours. The application takes minutes to complete.
Can a construction business line of credit be used for materials and subcontractor costs?
A business line of credit through Platform Funding can be applied to general business operating expenses. Platform Funding does not prescribe specific use cases beyond standard business operations.
