Contractors & Construction
Start the job before the draw clears.
Materials up front, progress payments weeks later, retainage held until closeout. AXIS funds the gap, with decisions the same day and funding in as little as 24 hours.
Typical funding for Contractors & Construction
- Business Line of Credit
$10K to $250K · funded in 1 to 3 days
- Equipment Financing
$15K to $1M · funded in 2 to 5 days
- Business Term Loans
$25K to $500K · funded in 2 to 7 days
What owners use it for
What Contractors & Construction owners use funding for.
Contractors front materials and labor long before a draw or final payment lands. AXIS funds the space between the deposit you pay out and the progress payment you collect.
- Materials and subcontractor deposits
- Bonding and insurance requirements
- Heavy equipment and work trucks
- Bridging the gap between draws
Which product fits
Funding built for Contractors & Construction.
Three structures that show up most often for this industry. An advisor helps you pick based on your file.
Illustrative example
How the numbers can work.
A sample scenario, not a quote. Your amount, product and terms depend on your revenue and file.
Example: A remodeling contractor wins a $120,000 job that requires a materials deposit and subcontractor payments before the first draw clears in 30 days. He draws $35,000 from a business line of credit to cover the start-up costs, then repays it once the first progress payment lands, leaving the rest of the line open for the next job.
| Job size | $120,000 |
|---|---|
| Amount funded | $35,000 drawn |
| Product | Business Line of Credit |
| Funding time | 1 to 3 days |
The gap is worst at the start of a new job, before the first draw clears in 30 to 45 days.
Who qualifies
Qualifying as a Contractors & Construction business.
- 6 months or more in business
- $10,000+ in average monthly revenue
- Personal credit score of 500+ considered (revenue matters more than the number)
- A valid contractor's license and any bonding a job requires.
Related reading
Read before you apply.
More on how this product works and what to expect before you apply.
Straight answers
Questions contractors & construction owners ask.
Can funding help before a draw or progress payment clears?
Yes, that is the main use case. A line of credit lets you draw what a job needs up front and repay once the draw lands, without reapplying each time.
Do you need my contractor's license or bonding info?
Typically, yes, along with 3 to 4 months of bank statements, since it confirms the business is authorized to take on the job.
Can I finance a work truck or heavy equipment?
Yes. Equipment financing uses the asset itself as collateral, which usually prices lower than an unsecured advance.
What if revenue is inconsistent project-to-project?
Revenue-first underwriting looks at trend across several months of deposits, not a single slow month, so project-based income is expected, not a disqualifier.
Can I use a line of credit for one job and repay before the next?
Yes. That is exactly how a revolving line is meant to work: draw for a job, repay, and the limit is available again for the next one.
Other industries
Funding for other trades that run on cash flow.
Funding built for Contractors & Construction. Fast.
Two-minute application. Same-day decision. Funding in as little as 24 hours.
Soft credit pull. No obligation. No impact to your score.