Secrets to getting approved for your small business loan.
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Fast Approval. Funding the Next Day.
From $25,000 to $5,000,000, with terms up to 10 years
Funding in as soon as 24 hours
Competitive fixed rates,
no collateral, no surprises
Waiting for your general contractor or commercial client to pay you? 30, 60, and 90 days to get paid can put a strain on your company’s cash flow. Regardless of the size of your business or your specialty, custom small business solutions are often needed for specialty contractors. Having capital available for you when you need to lay out money for materials, equipment, and labor, is crucial for day to day operations and expansion. If you’re looking for a custom financial solution, SMB Compass can help you secure funding in as little as 24 hours.
SMB Compass's simple and secure online loan application can be completed in a matter of seconds. Quick & Easy!
After we process your application we will contact you and provide you with the best loan offer.
Once your loan is approved in as little as 24 hours. You will have capital deposited directly to your business bank account.
Construction Business Loans for a specialty contractor can be used for inventory, materials, equipment, debt refinance, general working capital, or expansion. Here are the most common programs that contractors turn to SMB Compass for:
If you’ve been in business at least one year, have at least $100,000 in annual revenue, and have a personal credit score of at least 600, you are eligible.
SMB Compass offers small business loans from $5,000 to $500,000. We use a number of different data points to instantly provide you with the best possible loan offer, including competitive rates.
SMB Compass offers small business loans from $5,000 to $5,000,000.
Once your loan is approved, you can receive funding as soon as the next business day.
Yes, please contact us to find out more information on how to get financing with bad credit.
There are a variety of loans that are available to fit your needs. Some of the most common loans for the construction industry are equipment financing and leasing, lines of credit, 2-5 year term loans, inventory and A/R finance.
SMB Compass has many years of experience providing construction business loans to construction companies. Our CEO, Matthew Gillman, grew up in a family of contractors and lenders, from an early age he an understanding from both sides of the table. A grandfather who was an Excavation and Plumbing Contractor, who focused on government contracts, hearing the the complaints of slow paying customers was a daily occurrence. Not only did Matthew's grandfather have to deal with laying out money for materials and labor, but billing was either in arrears, with the friendly government terms of 60 days, or paid when paid, which caused other problems. From the time that money was laid out for materials and payroll, to the time that he was paid, would typically be between 90 and 100 days. Now how to do you operate a business with weekly payroll, a constant need for materials, but you have to wait almost 100 days to be paid?
It always felt like he was behind, unable to catch up, and the worst of it all there was opportunity to do 10 times the amount of business, but without the working capital this wasn’t even remotely an option, or frankly, even a thought.
This is what drove my passion for small business lending, how can I help companies like my grandfather stop thinking about the tight cash in the bank and start focusing on the business, new clients, customer service, and GROWTH.
There are many forms of financing that specialty contractors can use to help with capital constraints and slow paying customers. It’s important to note that one solution may be best for one company, and the wrong solution for another.
I started this business to help businesses solve the financing problems they face. If you have the clients, have the pipeline, then why should capital be the noose that’s strangling your growth?
Please contact us to tell us about your business, we’d love to be helpful in any way that we can.
"Thanks for your expertise and product knowledge which was very helpful. I am very impressed with the manner with which you work to build relationships. My kind of teammate."
- Jeremy Grossman
"I never thought that my experience with a lender like Matt and Logan would have went so well, their knowledge of the process and Matt caring of how the customer understands and reasons of his product is so valuable. His style of working with the clients and staying through the process is very relaxing for the client. What a gift he and Logan are. I will make sure and give your company name to all of my contacts and friends."
- Byron Bonhomme
"Matt was very professional in this whole process. It was a great experience and they worked hard to get my company the funding that we were looking for."
- Erick Batchelor