Depending on the type of construction your small business performs — commercial versus home building — it’s also a highly seasonal business. The average cost of building a home is $117 per square foot. Meanwhile, the average per square foot cost for a building ranges between $16 and $20. Lumber and steel prices are directly connected to how much, or how little, you can yield from your ROI. Costs can rapidly increase within a blink of an eye while you’re in the middle of a project.
Construction
The construction sector in the U.S. is a trillion dollar industry and is 4% of the U.S. gross domestic product (GDP). Given the intense need for materials, adhering to building codes, and paying salaries -- it’s also one of the most costly businesses to operate. We can help with special funding options.
Questions? Call our advisors
1-800-368-5028
Large financial institutions don’t hesitate to slow down your access to small business capital funding. Given the urgent daily decisions you’re required to make to keep construction projects on track, and within budget, waiting days or weeks for financing isn’t functional. That’s why we’ve streamlined the process for you. Whether you need short or long term funding, we are available to help you secure the right capital at the right time.
856
Businesses Funded
120
Approvals this month
50%
Avg. Growth
$100 Million
Lended
