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San Diego Contractor Funding
Fast Funding Solutions for Contractors in San Diego, CA
As a contractor, you have major responsibilities through the life cycle of a construction project. Given the scope of these projects, contracting work can be very rewarding, but it can also come with long droughts in revenue that could inhibit your business. It is because of these droughts that you might have to seek outside funding, but banks and traditional lenders might take too long to reply to you, if not refuse you outright. Trying to grow your business out of a financial rut is frustrating, especially when no one is willing to take a chance on you.
Fidelity Advance is a champion of small businesses across San Diego, and an alternative to traditional banks and lenders for funding solutions.
What Fidelity Advance Does for Contractors
Cash flow can be an issue for contractors during an off season. Bills still have to be paid, and so do workers. As a contractor, you might have concerns about:
- Keeping up with new technology in the construction industry.
- Purchasing new materials to take on more projects.
- Hiring subcontractors.
- Acquiring new equipment to increase productivity.
If any of the above sounds familiar, a financial advisor at Fidelity Advance could help your contracting business reach the next level. We provide smart funding solutions to any small business that consults with us, with timely results.
Why Choose Fidelity Advance?
Working with a traditional lender or bank for your contracting business can take a frustratingly long time. You could be denied funding for factors out of your control, leaving you out in the cold with no recourse. Fidelity Advance gives contractors another option to finance their businesses, with benefits including:
- A simple application for funding. Fidelity Advance won't bog you down in heavy paperwork. Our applications for funding take just minutes to fill out, respecting your busy schedule as a small business owner.
- Fast results. Banks can take weeks, even months to approve a request for funding. At Fidelity Advance, we offer a quick turnaround for approved funding requests.
- No impact on credit score. Requesting funds from a traditional lender may involve a hard credit check, which can set your credit score back. At Fidelity Advance, we protect our clients from a blow to your credit, allowing you to devote your focus to your business.
Fidelity Advance is a departure from the red tape surrounding traditional lenders, as we give small business owners the opportunity to empower themselves through financial support.
Funding for Contractors
As a contractor, your financial needs might vary depending on the season. Fidelity Advance provides smart funding solutions for every circumstance, whether you need a short term lump sum or continuous borrowing. We offer different types of financing such as:
- Term loans. A term loan is a lump sum amount of money that is paid off gradually. The length of repayment can vary from months to years.
- Business line of credit. A business line of credit allows you to borrow at-will from a lender, often with a high degree of trust between both parties. Like any line of credit, you pay back what you borrow. This is a convenient option when you expect to make regular purchases, such as construction materials for contractors.
- Equipment loans. An equipment loan lets you place a modest down payment to acquire a piece of equipment, often heavy machinery. You pay at regular intervals until you've covered everything you owed on the equipment, at which point it becomes your property.
Speak with a San Diego, CA Contractor Funding Advisor Today
Contractors play an important role in building up industries in San Diego. Fidelity Advance will work with you to figure out the best course of action to promote your contracting business's growth. To get started, call us at 888-316-2246 or reach out to our team online.