Construction Business Financing Solutions

Things are looking up for the construction industry. Since it comprises so many diverse groups, the industry has undergone recovery from the economic downturn in fits and starts. Some segments are doing better than others, and even among growth segments, some are growing more quickly than others. But on balance, the financial picture for construction is viewed by industry experts as optimistic.

Construction spending in the U.S. is roughly $943 billion annually. The industry has a significant impact on the general economy but is also vulnerable to broader economic disruptions. But now, alongside the U.S. economy, construction is showing strong signs of rebounding and future growth:

• The unemployment rate for the construction industry declined in April 2014 to a seven-year low of 9.4 percent.
• Private residential construction is growing, as demand picks up for homes and apartments.
• Private non-residential sectors are also growing. Among the strongest: Power construction, including work on oil and gas fields, pipelines and electricity.
• Public construction shows more mixed results, since projects like highway, street and school construction are subject to the ups and downs of federal, state and local budgets.

Why You Might Need Construction Financing

Industry watchers are optimistic about the construction industry’s future growth. That’s why we believe that having access to business capital is a necessity, both to take advantage of growth opportunities now and to be well situated for uncertainties that may lie ahead. Lex Funding is uniquely positioned to help construction companies do just that. Not only can construction companies obtain business financing for up to $2 million, but the application process itself is quick and easy. Once approved, funding can occur in just 2 days, and funds can be used for virtually any business need, including:

• » Purchasing new or used construction equipment and materials
• » Expanding or upgrading your company’s facilities
• » Hiring new employees; training and education
• » Overcoming unanticipated business expenses
• » Managing cash flow

Apply for Construction Financing Today

The Lex Funding loan application and approval process are tailor-made for busy construction industry professionals. To get your business funding application Click here , or call us 347-815-FUND(3863) to speak with one of our funding coordinators today.

Here’s what you can expect:

• Minimal documents (No Business Plans, Tax Returns, Balance Sheets or P&L’s)
• Streamlined underwriting and approval (24 hour decisions)
• Funds in your account in as few as 2 days after approval
• Repayment terms that are structured to your business model and cash flow
• Capital that can be used, as you see fit, for any business expense
• Poor credit is not a disqualifier

With a simple application and information on your recent sales history, you can get approved in 24 hours for $3,000 to $2,000,000 in financing. Plus, you can access your capital in as little as 2 days and use it for any business need. To speak with a funding coordinator about our manufacturing financing option call us at (347)-815-FUND.