Construction companies need large amounts of working capital to complete projects.
Capital for Construction Companies
Construction companies need large amounts of working capital to complete projects. Constantly changing factors can increase project costs, such as unexpected delays or sudden increases in raw materials prices. When these situations happen, it may take extra time to secure the capital needed to move the project forward, so it’s good to have a partner like Denali Advance, who helps bridge the gap.
Invoice Factoring
Invoice factoring for construction businesses is one of the most critical financial tools available to construction companies. Regardless of scale, construction projects are often long-term contracts that can leave crucial funds tied up much longer than you’d like. Invoice factoring and expert financial planning can put your construction business on top.
Line of Credit
A healthy line of credit has many benefits for construction companies. Opening a line of credit can help you pay for various materials, tools, or other supplies and cover overtime or other operational expenses.
Equipment Financing
Equipment financing is paramount for large-scale construction operations. Construction equipment is prohibitively expensive to purchase. However, many times, you need some of your own equipment, or else your margins will suffer. Equipment financing from Denali Advance can make paying for construction equipment easier to manage.
Small Business Loan
While not ideal for all scenarios, a construction company can benefit from small business loans. When you need longer terms to cover costs associated with new equipment than equipment financing can provide, a small business loan can be the right solution.
About Us
Denali Advance was founded by two passionate entrepreneurs, Nate Fried and Brad Brown, who have known each other since childhood. After independently leading successful lives, they came together again to form Denali Advance.
They got the idea after noticing a need for small businesses to have faster access to funds that help their businesses grow. We strive to stand apart from other providers by offering a more personalized yet analytical approach to small business capital.
