Commercial Construction Financing
Build your business above and beyond.
Borrow As Needed
Our commercial construction financing unlocks cashflow by funding project costs.
Flexible & Renewable
We provide same-day renewals and early pay off discounts for reduced interest.
Pay Only if Used
Get the entire amount needed in one-shot or use as needed. Secured options available.
Advance your business with our state-of-the-art commercial construction financing products
Searching for commercial construction financing can be daunting, but it’s actually one of the most complementary aspects of owning a business. It’s a sign that your business is thriving and ready to expand, either through building an addition or opening an entirely new location.
If real estate construction or expansion is on your horizon, taking the next step can be a big financial obligation. The costs of investing in construction have many business owners feeling the strain on their cash flow, especially those who have bad credit scores and need construction financing. With New York Tribeca Group, we look at a business’s overall health and performance rather than just the credit score.
Amount funded
Up to $5,000,000
Repayment term
4 months- 2 years
Financing cost
Starting at 8%
Funded within
1 day
Commercial construction financing: Get your results in minutes!
Fast Results
It takes just 5 minutes to fill out your application and just a few hours to get offers!
Flexible Terms
We help you compare your options with ease and always work to get you the most favorable terms.
Expert Support
Our advisors will make sure that the product you have chosen will suit your business needs best.
How to qualify for commercial construction financing
Accessing funding for your business is now easier than ever. With online technology, funders can now easily underwrite a business with minimal paperwork and documentation required.
Here’s what you’ll need to qualify:
- Healthy business history
- Solid business plan
- 550+ credit score
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current step:
1.
Get Started
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3.
Your Business
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4.
About You
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5.
Your Finances
Get a Decision in Minutes
What is the difference between commercial construction financing and purchasing
The “good” news is that when looking for commercial construction financing, you have options. The “bad” news is, also, that when looking for commercial construction financing, you have options.
When thinking about what lies ahead with financing construction, it essentially comes down to short term and long term. Ask yourself: how long is the project expected to take?
Short term financing is better if:
- remodeling will take a month before extra business can start flowing in
- cash flow is strong regardless of how long the project takes,
Long term financing is better if:
- profit margins are always thin or during this building period (long term financing would help stretch out the payback period)
- the construction is going to take awhile, long term financing would also be better in this situation as well.
How does it work?
Businesses looking to remodel face up to thousands, even millions of dollars in costs once all the fees of labor, materials, land development and general construction are added up.
By financing the construction process with outside funding, cash flow can remain smooth without working capital or growth capital taking a major hit. Debt is a necessary part of growth in the economy. With more and more industries utilizing alternative funding, it’s important to capitalize on growth opportunities and stay competitive against other businesses.
What can I use it for?
Commercial construction financing is not for purchasing existing real estate, as that would be a mortgage loan. This type of funding is to be put towards construction costs. Some examples include:
- Engineering and architecture fees
- Land development
- Utilities installation
- Specialized equipment
- Labor
- Development fees
- Unexpected setbacks from weather or digging underground
- Maintaining business cash flow while funds go into construction
- Hiring more of everything to finish project before competition
How do I apply
When you have a project that needs funding, the first step is finding a loaner. That would be us! Next, fill out our online application so we can evaluate your business’s financial situation, credit score (bad credit is okay, we don’t automatically reject a bad credit score if the business is overall healthy), and other factors that affect approval and offer able rates and terms.
In addition, we need a business plan with an overview of the construction project you’re financing. This includes what your business does, it’s updated finances, current debt obligations, details about current operations, and future projections.
Once approved, we will transfer the money into your business bank account and you can begin to invest it immediately. As every funding program is unique to each merchant’s needs, the details of the payback period vary and will need to be discussed with your funding representative.
Got some questions?
Commercial construction financing is a loan type used to finance any costs that apply with construction or renovation projects.
This kind of financing can cover the costs of any labor or materials for your construction project. Many business owners take out a loan for renovations.
Merchant cash advances work differently depending on the type of advance you choose.
In its traditional form, merchant cash advances are suitable for businesses that deal with large volumes of debit and credit card transactions. Today, the product has evolved into a second program that can benefit any small business.
The difference boils down to how the advance is repaid and how an MCA lender assesses rates and fundability.
Whether it’s starting from scratch or making adjustments, a new construction space can be expensive. A commercial construction loan can give your project the success it deserves.
A loan can help your project utilize the funds in more ways than one. It’s better to use your cash flow gradually than to spend it all in one shot.
There are a variety of business lines of credit which makes this financing option one of the more popular ones. The top within the United States include:
- SBA CDC/504 Loan Program
- SBA 7(a) Loan program
- Bank Loans
- Mezzanine Loans
Although similar, each line of credit has it’s slight differences for specific use. Research each kind to make sure you’re applying for the correct const
The main pro of commercial construction financing include having the proper finances necessary to build your property in its entirety.
The major downside of this loan is that your access is limited as to when you can withdraw from it. You\’ll be on a set draw schedule.
Merchant cash advances work differently depending on the type of advance you choose.
In its traditional form, merchant cash advances are suitable for businesses that deal with large volumes of debit and credit card transactions. Today, the product has evolved into a second program that can benefit any small business.
The difference boils down to how the advance is repaid and how an MCA lender assesses rates and fundability.
A merchant cash advance or MCA is a lump sum of capital lent against a business’s future sales. This is what makes this type of financing an advance and not a loan.
By definition, a business cash advance is short-term and repaid through smaller daily (or weekly) payments until the total cash advance and lender fees are paid in full.
A small business owner can apply for a merchant cash adva