Coral Capital Group provides funding resources for companies across many industries, but one of industries we are most experienced in is construction. Over the last ten years, we have had the privilege of working with construction companies large and small to provide the access to capital needed to expand, grow, hire on new help, and invest in new equipment. We have helped small businesses acquire new branches and locations, refinance existing buildings, ground-up construction on new structures, and much more.
Coral Capital Group works with a variety of funding options. Our financial experts are available 24/7 to discuss your construction businesses’ needs and to go over the difference between short-term bridge loans, a business line of credit, invoice factoring, inventory funding, and the plethora of additional funding options at our disposal. Coral Capital believes in investing in the long-term health of our partner companies and lending the necessary funds to bring your business to the next level.
Construction companies typically use one of five funding options. The costs of opening or expanding a construction business can be prohibitive without financing help, particularly when thinking about acquiring new equipment. Equipment financing makes taking on the hefty price tag of updated tools a bit easier to swallow. Similarly, a business line of credit can be used for any number of purposes. You only pay interest on what you use. Factoring, or selling your pending invoices to a third party, can provide an advance on those invoiced funds and free up your day-to-day. Business cash advances provides your business with cash now without the pressure to repay until you bring in new business. Finally, a term loan is a more standard loan with interest and a fixed time to repay.