Running a business in the construction industry isn’t cheap – therefore some business owners may require construction financing from time to time. If you’re in need of construction financing and you’re finding it difficult to obtain a bank loan or some other form of funding, don’t be afraid to get in touch with us here at Rivis Capital. We offer an alternative business financing product known as a merchant cash advance. They’re becoming increasingly popular with business owners across the USA, it’s well worth looking into them in order to ascertain whether or not a merchant cash advance would work better for you as a form of construction financing as opposed to a bank loan.
Let’s face it, most banks have a pretty bad reputation right now in wake of the financial crisis. Reckless lending lend to a huge credit crunch which has had a major impact on the lives of millions of people across the western world. As a result of the financial crisis a lot of banks have seriously limited the lending that they offer to individuals and businesses. As a result this has left a lot of new and established construction businesses starved of the cash injections that they need in order to grow and survive.
A merchant cash advance has one similarity with a bank loan – that similarity is that you receive one big lump sum of cash up front. That’s where the similarities end though – because unlike a bank loan, a merchant cash advance is a relatively flexible way to borrow. You’ll only ever make repayments based on a percentage of your actual sales which means your business won’t suffer from the cash flow problems that rigid, fixed monthly repayments on loans can cause.
If you need construction financing in a hurry you’ll be pleased to know that we work to a fast schedule. If you fill out the application form here on our site, or pick up the phone and speak to one of our operators, we’ll ask some straightforward questions in order to build up some kind of picture about your business. We’ll then go away and look at whether or not we’ll be able to lend your business the money that it needs. We won’t keep you waiting around for weeks on end like the banks do – you’ll hear a decision on your construction financing application within the space of just a few working days.