Construction Business Loans Jacksonville FL Bad Credit Ok

Are you a general contractor in Jacksonville? We offer several loan programs where you can get up to $25,000 the same day, or up to $2 million in 1 to 3 days with bad credit for your construction business. Construction is big business in Jacksonville. General contractors in Jacksonville, like any other business owner, need fast working capital to keep building or remodeling homes. Here’s our Construction Business Loans Jacksonville FL Bad Credit Ok Review. 

Why Use Construction Business Loans Jacksonville FL Bad Credit Ok

Jacksonville is #3 for filing the most new home permits of 29.2 out of 10,000 people. More people are moving South for warmer weather and affordability. Jacksonville’s population is approaching the million mark, and the average annual revenue there is $56,975.

However, most contractors in Jacksonville won’t get approved for a traditional bank loan, same as most other small businesses, because banks can be very conservative about who they lend to. In fact, roughly only 15% to 20% of businesses get approved for a bank loan.

On the other hand, we have helped thousands of Floridian businesses stay in business since 2015, and work with over 75 lenders to get you the fastest loan funding online, bad credit ok and no collateral needed.

Jacksonville general contractors need consistent cash flow to keep running their crews, and waiting weeks or months for a traditional bank loan won’t cut it. The housing market is currently 4 million homes short, and contractors need to catch up to the demand, especially with the migration South.

So, if you have consistent revenue, make 3 business deposits per month, but need quick additional capital, we can help. Below are our main loan/advance programs for Floridian contractors.

Brief Overview of Jacksonville FL Construction Business Loans

The first loan option is for up to $25,000 the same day, and you need to be doing at least $5,000 per month with your construction business, be in business at least six months, and have a FICO of 550 or higher. We can lend up to 75% of your monthly revenue with this one.

The second option is for up to $2 million dollars in 1 to 3 days. You need a monthly revenue of $15,000 per month or more, be in business for at least 4 months, and have a FICO of 500 or higher. We can lend up to two times your monthly revenue. So, if you are doing $100,000 per month with your contractor business then you could get up to $200,000 in one to three days.

The key to these advances/loans is your cash flow. Yes, it seems odd you would need money if you have cash flow, but many contractors need additional working capital to begin new construction and won’t get a return until the house sells.

Jacksonville FL Construction Business Loans Rates 

We use factor rates instead of interest rates. The range is from 1.20 to 1.49. You have up to 24 months to pay off larger loans. This rate is comparable to the entire bad credit or no collateral merchant cash advance industry.

However, if you use the working capital to greatly increase your bottom-line, then the rates are not high. It all depends on what you do with the money. If you have perfect credit, collateral, and can wait weeks or months for funds then a bank loan could be a better option. But, we help those that the banks are unwilling to help. That’s the bottomline.

How to Apply for Construction Business Loans Jacksonville FL Bad Credit Ok

It’s an exciting time to be in Jacksonville as a general contractor. We look forward to helping every contractor get fast working capital with our Jacksonville contractor loans online.

Simply click the apply now link below and answer a few questions. For the loans I mentioned, you will need a business checking account. Hope this helps and God Bless!

APPLY NOW

Sincerely,

Erik C. Johnson