Construction and Contracting

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:

Insurance policies such as worker’s compensation
Taxes
Bid bonds and surety bonds
Equipment rental and purchasing
Licensing and permits
Payroll

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.

The construction and contracting business loans that Opportunity Business Loans offers:

HVAC Business

HVAC Business Loans Your HVAC business needs to offer top-tier products and services to stay competitive in the heating and cooling business. To run a quality HVAC company can be challenging and costly. To keep your business running smoothly, you...

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Carpentry Business

Carpentry Business Loans Between dining room tables and the frames of houses, there is no limit to the purposes of wood. There is also no limit to the carpentry industry. The woodworking industry is constantly growing and is overall a...

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Architecture Firm

Architectural Firm Financing As an architect, you deal with budgets of millions of dollars every day. Whether you are starting your own architecture business or already have a thriving architecture firm, getting the required funding can be difficult. You will...

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Electrician Business

Electrician Business Financing Electricians are very important to the economy. Without electricians, there would be no lights, computers, televisions, and more. This is why the electrician business is a good business to get into. The industry is strong and will...

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Plumbing Business

Plumbing Business Loans Plumbers are vital to the economy. It is also vital for a plumber to have sufficient capital to run their business. Owning and operating a plumbing business comes with a lot of expenses. Between equipment repairs and...

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