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Term loans for construction & trades

A lump sum up front, repaid in fixed installments over up to 60 months. Contractors use Credible Lending term loans to buy materials for a new contract or finance an excavator or work truck, with up to 60 months and funded within 24 hours of signing.

Apply nowAbout term loans
See what you qualify forStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your advisor.

$10K$5M
How long have you been in business?
What's your average monthly revenue?

Total deposits into your business account in a typical month.

What's your personal credit score?

An estimate is fine. Applying won't affect your score.

Where should your advisor reach you?

We'll use this only for your application.

Term loans for contractors
Amount$10K – $5M
TermUp to 60 months
SpeedFunded within 24 hours of signing
PaymentsWeekly or monthly
Best forExpansion, buildouts, one-time investments

Common uses in construction & trades

  • Buy materials for a new contract
  • Finance an excavator or work truck
  • Cover payroll between draws
  • Bid on a larger project

Why contractors choose a term loan

You front the costs

Materials and payroll go out weeks before the progress payment comes in.

Equipment is the business

Excavators, lifts and trucks can be financed against the equipment itself.

Bigger bids need capacity

Access to capital lets you bid on the job instead of passing on it.

How does a term loan work?

  1. 1

    Tell us what the capital is for and how much it costs.

  2. 2

    Your advisor structures an amount and term around your project timeline and cash flow.

  3. 3

    Review the full cost of capital, in dollars, before you sign.

  4. 4

    Receive the lump sum and repay on a fixed schedule. Early payoff options are available.

What do I need to qualify?

  • 1 year in business
  • $10K+ in monthly revenue
  • 625+ FICO score
Check my options

Other funding for contractors

Questions, answered

Something else on your mind? Ask an advisor.

Can contractors qualify for a term loan?
Yes. Most Credible Lending programs look for at least one year in business, $10,000 or more in monthly revenue and a 625+ credit score. We review construction & trades financials with the industry's cash-flow patterns in mind.
How long are Credible Lending term loans?
Terms run up to 60 months. Your advisor matches the term to the useful life of what you're funding and to your cash flow.
Can I pay off a term loan early?
Yes. Ask your advisor about early payoff options when you review your offer.
Can contractors get financing against invoices?
Yes. Invoice financing can advance up to 90% of open invoices to creditworthy customers.

Ready when your business is.

Apply in about three minutes with a soft credit check. You'll hear back the same day.

Apply nowTalk to an advisor