Construction and Landscaping
Construction, landscaping, and related industries have been on a distinct uptick for the past decade. Ever since the housing market collapse saw a serious downturn in 2008, there’s been nowhere to go but up.
Growing housing and business construction, infrastructure projects, and more mean that the construction trade is in ever-increasing demand.
At the same time, all of these newly-developed properties and structures need quality landscaping and maintenance services to keep them looking professional, aesthetically pleasing, and accessible.
These categories of business, and related supporting industries, are poised to continue growing at a significant rate over the next several years.
Loans for Construction, Landscaping & Similar Firms
Given the pace of growth and overall economic projections, along with aging infrastructure, and the ever-growing tendency of both individuals and businesses to outsource their service needs, construction and landscaping firms are likely to see success and growth continue well into the 2020s. But in order to make the most of those opportunities, many will need some business financing help.
Options such as lines of credit, unsecured short term small business loans, loans for those business with bad credit, and other financial instruments can provide construction and landscaping businesses with the capital they need to expand, grow, pay for purchases, finance day-to-day activities, and plan for the future.
Typical Uses of Construction and Landscaping Industry Loans
Construction and landscaping are both fairly diverse industries, and there are numerous smaller categories of supporting businesses in related fields as well. Therefore, the specific uses of business financing funds may vary considerably from company to company, sub-sector to sub-sector.
Nevertheless, there are some common threads that run through most of these kinds of businesses. As our clients have reported, the following are three of the most common categories or types of uses that these business categories highlight for their loan and financing funds.
Three of the most common uses are:
Construction and landscaping equipment are all expensive. Whether dozers, crane rental, dump trucks, mowers, tree chippers, pile drivers, or anything else, all of these kinds of equipment can cost from tens to hundreds of thousands – and even millions – of dollars.
While financing for some larger purchases may be available through manufacturer programs or traditional banks or credit facilities, these are not common for smaller businesses or smaller equipment purchases, and may be out of reach of many businesses in these sectors.
A loan or line of credit from BizFly Funding can help ensure you have access to the equipment you need for your employees to do their jobs.
In construction and landscaping, there is a good deal of competition. Separating yourself from the crowd takes quality work and affordable prices. But that’s not always enough. The difference can often be found in marketing.
Spending some money on marketing can be the best investment you can make, as it will grow your opportunities, grow your customer base, and grow your bottom line.
But many businesses don’t have sufficient savings or working capital to fund both their ongoing activities and initiatives like marketing. Accessing credit and capital from BizFly Funding is easy, and can go to fund these kinds of activities.
Labor is one of the largest expenses for construction and landscaping businesses. It’s also highly variable, depending on project needs, clients, and a schedule that can be very challenging and dynamic. Fixed payroll expenses are not always something that are easy to calculate in these kinds of jobs.
For surges in payroll especially, a flexible line of credit (or a buffer in your account from a small business loan) can ensure your employees get paid, keep coming to work, and the job gets done.
Benefits of Choosing BizFly Funding for Your Loan
BizFly Funding exclusively deals in funding for small businesses. We work with businesses to select and deploy the best products to meet their needs – even if they have poor credit or a limited credit history.
We know that access to capital can make all the difference in whether or not your business succeeds, grows, and ultimately reaches its full potential.
We’re proud to partner with small businesses in the construction and landscaping industries and related sectors, and hope you’ll consider BizFly Funding for all of your business financing needs. We’ll help you get to work building and maintaining the future of your business.