Contractor Funding with Liberty Capital Group, Inc.
Contractor funding refers to funding support provided to contractors and subcontractors to help them grow their construction businesses. Liberty Capital offers a range of business loans tailored to meet the needs of contractors, ensuring they have the necessary capital to succeed. Here are the top 10 business loan types for small businesses, specifically for contractors:
- Equipment Leasing: Allows contractors to lease essential equipment with lower monthly payments and the option to purchase at the end of the lease term.
- Line of Credit: Provides flexible access to funds up to a predetermined limit, ideal for managing cash flow and handling unexpected expenses.
- Merchant Cash Advance (MCA): Offers an advance on future credit card sales, providing quick access to capital without stringent credit requirements.
- Term Loans: Traditional loans with fixed repayment schedules, suitable for significant investments in equipment, expansion, or working capital.
- SBA Loans: Small Business Administration-backed loans with favorable terms, designed to support small business growth.
- Invoice Financing: Allows contractors to borrow against outstanding invoices, improving cash flow while waiting for client payments.
- Construction Loans: Short-term loans specifically for funding construction projects, covering materials, labor, and other expenses.
- Bridge Loans: Short-term financing to cover immediate needs while waiting for long-term funding or project completion.
- Business Credit Cards: Flexible and convenient access to credit for everyday business expenses and smaller investments.
- Working Capital Loans: Short-term loans to cover daily operational expenses, ensuring smooth business operations during slow periods.
So, if you want expand your contractor or subcontractor business operation, we can handle working capital, term loans, lines of credit and especially Used Heavy Equipment, including trucks, crane, boom lift and many heavy ticket items all can be financed. Apply now to get your business capital to grow. Call now 619-795-3123
Start up Financing for Contractors with Liberty Capital Group, Inc.?
Credit Requirements for Start Up Contractors:
- Business license, contractors license or active business entity registration.
- Personal guarantees from all owners.
- Minimum 625 credit score.
- No bankruptcies in the last 7 years.
- No unresolved tax liens.
Startup Equipment Financing is available to non-revenue generating businesses.
- Equipment Financing Agreement.
- Equipment Leasing with 10% or FMV Buyouts: Fair Market Value (FMV) leases.
- $101 or Dollar Buyout: $1 Buyout Leases
Everyone has their own definition of what is DOWN PAYMENT means, click here to learn more about equipment financing for startups.
Additional Financing Benefits for well qualified contractors.
- $0 Down Payment only applies to non-startup companies.
- $99 for the First 6 Months: Get started with minimal upfront costs.
- 90-Day Deferred Payments: Pay nothing for the first three months.
- Working Capital Loans: Access short-term cash flow solutions for immediate needs doesn’t apply to Pre-revenue companies.
Application Only up to $250,000 for Heavy Duty Equipment and Machinery.
Equipment Vendor Financing
Preferred Leasing Vendors
Utilizing our extensive experience in commercial truck financing will provide you a higher approval rate for your clients. As an approved Liberty Capital Vendor Finance Partner.
Get Started Today!
If you’re seeking a reliable vendor funding partner for your equipment vendor financing needs, call our Funding Specialists at 619-795-3123 for personalized assistance. Let Liberty Capital Group, Inc. empower your business with comprehensive financing solutions tailored to your requirements. Click
Easier to get than a traditional business loan
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Why Choose Liberty Capital for Contractors' Funding?
Experience and Expertise: With 20 years in the business, Liberty Capital has a deep understanding of the unique challenges and needs of contractors.
Customized Solutions: We offer a wide range of loan products tailored specifically for contractors, ensuring you get the right financial support for your needs.
Quick and Easy Process: Our streamlined application process and fast approval times mean you can access the funds you need without delay.
Flexible Terms: We provide flexible repayment terms and competitive rates, helping you manage your cash flow effectively.
Dedicated Support: Our team of experienced professionals is dedicated to helping you find the best financing options and supporting your business growth.
Trust and Reliability: With a proven track record of success, Liberty Capital is a trusted partner for contractors seeking reliable funding solutions.
By partnering with Liberty Capital, contractors can confidently access the financial resources needed to grow their businesses, manage cash flow, and seize new opportunities.
Types of Financing and Leasing Options For Contractors
- Equipment Loans
- Term Loans: Fixed-interest loans with set monthly payments over a predetermined period.
- Lines of Credit: Flexible borrowing options where businesses can draw and repay as needed.
- SBA Loans: Government-backed loans with favorable terms for small businesses.
- Equipment Leasing
- Operating Leases: Short-term leases with lower monthly payments and the option to return the equipment at the end of the lease term.
- Capital Leases: Long-term leases that function similarly to loans, often with a buyout option at the end.
- Fair Market Value (FMV) Leases: Leases with the option to purchase the equipment at fair market value at the end of the term.
- Lease-to-Own Programs
- Combines the benefits of leasing with the option to own the equipment at the end of the lease term,
typically for a nominal fee.
- Combines the benefits of leasing with the option to own the equipment at the end of the lease term,
What do I need to apply?
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in contractors equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.
Top 20 Types of Contractors and Subcontractors
Here are the top 20 types of contractors and subcontractors in various industries:
- General Contractor: Oversees and coordinates all aspects of a construction project.
- Electrician: Specializes in electrical systems installation, repair, and maintenance.
- Plumber: Installs and repairs water, sewage, and drainage systems.
- HVAC Contractor: Handles heating, ventilation, and air conditioning systems.
- Concrete Contractor: Works with concrete for foundations, driveways, and other structures.
- Landscaping Contractor: Designs and maintains outdoor spaces, including gardens and lawns.
- Carpentry Contractor: Specializes in woodwork for structures, cabinetry, and furniture.
- Roofing Contractor: Installs, repairs, and maintains roofs.
- Painting Contractor: Provides interior and exterior painting services.
- Masonry Contractor: Works with bricks, stones, and other masonry materials.
- Flooring Contractor: Installs and repairs various types of flooring, such as hardwood, tile, and carpet.
- Drywall Contractor: Installs and repairs drywall for interior walls and ceilings.
- Steel Erector: Specializes in the construction of steel frameworks for buildings and structures.
- Excavation Contractor: Handles site preparation, grading, trenching, and other earthmoving activities.
- Insulation Contractor: Installs thermal and acoustic insulation in buildings.
- Glazing Contractor: Works with glass installations for windows, doors, and facades.
- Demolition Contractor: Specializes in the safe and efficient demolition of buildings and structures.
- Paving Contractor: Works on paving roads, driveways, and parking lots.
- Fencing Contractor: Installs various types of fencing for residential, commercial, and industrial properties.
- Fire Protection Contractor: Installs and maintains fire suppression and sprinkler systems.
