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Construction
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Building a construction company entails expanding and undertaking bigger, more lucrative projects when the chance presents itself. It entails hiring more people, investing in new technology, and paying upfront for supplies. It implies securing cash quickly.
Unfortunately, traditional lenders aren’t quick or flexible enough to assist you to seize the possibilities that will allow you to expand because of their strict qualifying requirements and protracted approval times.
You can get the additional funding you require from a company term loan to accomplish your objectives. Up to $2 million in loans are available, with customizable durations ranging from three months to ten years.
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SmartCap is ready to support you as you grow your company!
Construction-specific equipment financing is a specialty of SmartCap. Typically, you can borrow up to $5 million per piece, or 100% of the sum required to purchase the targeted equipment. The program’s cheap monthly fees are comparable to what you would pay to rent equipment, and it is simple to qualify for and repay.
We provide revolving lines of credit up to $250,000 that function like business credit cards for short-term operational capital. When the unexpected occurs, simply draw money from your line of credit without having to apply or wait for approval. The money becomes available once you settle your balance.
SmartCap invoice/receivables financing enables you to significantly shorten your payment cycle in the event that projects are delayed or clients are sluggish to pay. Instead of waiting weeks or months for payment, you sell your outstanding invoices to a third party and receive payment right now!