Contractors face a structural cash flow challenge: costs go out before payments come in. A line of credit through Platform Funding gives your contracting business a revolving credit facility to cover those gaps without applying for new capital each time you need it.
Established contractors with at least 6 months in business and $250,000 or more in annual revenue can apply today.
See if your contracting business qualifies – apply in minutes at Platform Funding.
How It Works
A line of credit for contractors is a revolving credit facility that lets established contracting businesses draw on an approved limit, repay what they use, and access funds again without reapplying each time. Platform Funding provides contractor lines of credit to U.S.-based businesses with at least 6 months of operating history and $250,000 or more in annual revenue.
With a business line of credit, you draw on an approved credit limit as needed, repay what you use, and the credit replenishes. You only pay for what you access. Platform Funding reviews contractor applications and returns a decision in 24 to 48 hours.
Who Qualifies
- At least 6 months in business
- $250,000 or more in annual revenue
- U.S.-based contracting business
This product is not available to newly formed businesses or contractors who have not yet generated revenue.
Why Platform Funding
Platform Funding has funded over $2 billion to more than 30,000 businesses nationwide. We hold an A+ rating with the Better Business Bureau and a 4.8 out of 5 rating on Trustpilot.
Contractors often consider a line of credit alongside equipment financing or revenue-based financing. Visit our construction industry financing page for a full view of capital solutions available to your business. Our how it works page walks through each product.
If you need a different capital structure, Platform Funding also offers business loans for contractors.
FAQ
What are the requirements for a contractor line of credit at Platform Funding?
Your business must have been operating for at least 6 months and generating a minimum of $250,000 in annual revenue. Platform Funding does not fund new or pre-revenue contracting businesses.
How long does it take to get approved for a contractor line of credit?
Platform Funding delivers funding decisions within 24 to 48 hours of receiving your application.
What types of contractors does Platform Funding work with?
Platform Funding works with established U.S.-based contracting businesses with at least 6 months of operating history and $250,000 or more in annual revenue.
