The nation’s changing landscape is primarily attributed to a large amount of construction taking place in cities across the country In the US, the construction industry accounts for 7% of the total US gross domestic product, bringing in over $951 billion dollars. With over 10.6 million people working in the construction industry and with 57% of contractors desiring to expand and hire more employees, more construction and contracting companies are in need of financing. Large construction equipment purchases can be costly, with mid-range excavators priced anywhere from $100,000 to $200,000, while rentals can run up to $3,400 for one month. Along with these costs, construction and contracting businesses must manage overhead expenses related to:
The overhead costs of running a construction or contracting business can burn through cash reserves quickly. Opportunity Business Loans can help you find the best deal when it comes to financing your construction or contracting business. Secure your loan without the hassle of visiting multiple banks and lenders. With just one quick application, you can get connected to a large network of lenders who can provide you with the funding you need to successfully grow and operate your construction or contracting company.
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