Construction Company Funding
Total investment in residential and non-residential building construction in Canada is growing. Keep up with demand and build your construction business with up to $500,000 in funding in just 24 hours.
Fast, Easy Construction Company Funding
Whether you’re looking to bid for a new project, fill seasonal gaps, or expand your construction company, construction businesses of all sizes and specialties can benefit from construction company funding.
Getting the funding you need from a traditional lender like a bank can be difficult. The process may take weeks, and most loans are denied because construction company funding is often considered “high risk” due to volatility of demand, fluctuations in cash flow, and thinner margins.
As an alternative lender, Greenbox Capital® can approve more construction company loans than traditional lenders, often in just one business day. We provide a number of different types of small business funding to help grow your construction business, with alternative construction loans from as low as $3,000 up to $500,000. We fund all specialties in Canada, including remodelers and renovators, contractors, concrete, electricians, plumbers, HVAC technicians, landscapers, specialty tradespeople, and more.
How To Use Construction Company Loans
There are no restrictions on how you can use construction company funding from Greenbox Capital. Construction company funding is typically best used for providing the cash flow you need to figure out how to start a construction business in Canada or improve, or expand your business. Use your funding to:
- Purchase or repair equipment to reduce your reliance on subcontractors
- Bid for bigger projects by upgrading equipment or hiring staff
- Improve technology, such as 3D printers or advanced scheduling systems
- Purchase materials to get a jump start on a new or upcoming project
- Invest in mentoring and training programs for new employees
- Maximize seasonal downtime to invest in marketing or new technologies
- Embrace new technologies like Building Information Modeling (BIM), telematics, virtual reality or augmented reality, robots and drones, 3D printing, connected devices, and autonomous vehicles
A construction company loan can also provide the influx of working capital you need to meet the unique challenges of running a construction business, such as:
- Volatile or seasonal demand
- Covering fixed expenses during slow times
- High cost of materials and equipment
- High employee turnover and skilled worker shortages
- Late receivables
How To Get A Construction Loan
- 1
Apply for business construction loan
Gather 3 months of bank statements and other records for your construction company business plan. For faster approval, grant us secure access to your bank account’s transactional data.
- 2
Choose construction company financing
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your construction business loans and funding options.
- 3
Get contractor loans
Once you and your Funding Advisor determine what funding option works for your business, your funds for financing for contractors can be approved and deposited within 24 hours.
- 4
Set Repayment
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.
Will You Qualify for Construction Company Funding?
Exact qualification requirements depend on the type of construction company funding you are seeking. Approval for construction company funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, when looking at business construction loans, we focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
Contractors Financing: Our Cases
| Company | Funded | Loan terms | Loan Benefits |
| Engineering, Architectural, and Surveying Service in Mississauga, Ontario | for $55,000 | over 13 months | With this funding, the service was able to acquire more software and hardware and offer more innovative and efficient solutions to their clients. |
| Roofing, Siding, and Sheet Metal Work business in Edmonton, Alberta | for $149,900 | over 12 months | This business was able to use its new funding to improve their roofing materials and techniques and provide more reliable and durable roofing solutions to their customers. |
| Electrical Work business in Medicine Hat, Alberta | for $149,400 | over 12 months | The new funding allowed this service to train more electricians and take on more projects and contracts in the area. |
Construction Company Funding Q&A
My construction company needs to purchase raw materials in order to bid for a major new project. What’s the best way to secure funding to get the additional supplies I need?
The best way to get the funding you need is through an alternative lender like Greenbox Capital. Alternative construction company funding is ideal for purchasing raw materials that will help you secure a large project and increase your revenue. We offer a quick, stress-free application process for commercial construction loans, with same day funding available for most applicants. Speak with one of our friendly Funding Advisors to identify the right solution for you.
How do I get funding for a construction company?
You can get funding for a construction company from traditional lenders like federal funding programs or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.
What do I need to do to qualify for a small business loan?
We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
Why should I consider an alternative lender for my construction company funding?
Most traditional banks consider construction companies high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labor, materials and more, along with commercial real estate funding for your business, often in less than 24 hours.
Where To Get Construction Company Funding In Canada
- Edmonton
- Calgary
- Red Deer
- Lethbridge
- Victoria
- Vancouver
- Abbotsford
- Surrey
- Richmond
Manitoba
- Winnipeg
Northwest Territories
- Yellowknife
Yukon
- Whitehorse
- Toronto
- Ottawa
- Mississauga
- Hamilton
- Kingston
- London
- Thunder Bay
- Windsor
- Kitchener
- Brampton
- Markham
- Peterborough
- Cambridge
- Oshawa
- Vaughan
- Caledon
- Halton Hills
- Milton
- Burlington
- Oakville
- Richmond Hill
- Stouffville
- East Gwillimbury
- Georgina
- Uxbridge
- Pickering
- Ajax
- Whitby
- Clarington
- North York
- Etobicoke
- Barrie
- Scarborough
- Innisfil
- Newmarket
- Aurora
Nunavut
- Iqaluit
Nova Scotia
- Halifax
Quebec
- Quebec City
- Montreal
New Brunswick
- Fredericton
- Moncton
Newfoundland and Labrador
- St. John’s
- Regina
- Saskatoon
Prince Edward Island
- Charlottetown
