Working capital for contractors and construction companies.
Materials, payroll, and equipment between draw payments — $10K to $2M with a same-day decision.
What contractors use funding for.
Contractors front the cost of materials and labor long before a draw or final payment clears. One delayed job can stall the next three. Workable Funding provides capital based on your deposits so you can keep crews working and take on the next contract.
- Buying materials before a draw payment arrives
- Making payroll for crews between project payments
- Purchasing or repairing heavy equipment and vehicles
- Covering bonding, permits, and licensing costs
- Taking on a larger contract than current cash allows
- Bridging seasonal slowdowns in winter months
Why contractors choose Workable Funding.
Built for draw schedules
Lumpy deposits are normal in construction. We underwrite the pattern rather than penalizing it.
Fast enough for a job start
Same-day decisions and funding typically within 48 to 72 hours of approval keep projects on schedule.
No liens on equipment
Revenue-based funding means you don't pledge trucks, tools, or machinery.
General and specialty trades
GCs, electricians, plumbers, HVAC, roofing, concrete, and landscaping all qualify.
One funding desk
In-house underwriting and one point of contact through funding coordination.
$10K to $2M
From a materials order to a fleet or crew expansion.
How contractors use revenue-based funding
Construction is a float business. You buy materials, pay crews weekly, and wait on progress draws, retainage and a general contractor's accounts payable cycle. Retainage alone can hold five to ten percent of a job's value for months after the work is finished. Win two large jobs at once and the reward for success is a cash crisis.
We fund against deposits rather than against a specific contract, so there is no assignment of the job, no notice to the general contractor, and no lien on equipment. That keeps the funding invisible to the customer and keeps you free to bid work without explaining your financing. Three months of business bank statements, six months in business, and $15,000 in monthly deposits is where underwriting starts.
Contractors most often use advances for materials on a newly awarded job, mobilization and crew payroll before the first draw lands, equipment repair or purchase, bonding and insurance costs, or bridging retainage on completed work. Amounts commonly run $20,000 to $500,000 with fixed daily or weekly payments over six to twelve months.
The risk specific to construction is taking an advance sized to the job rather than to the business. A single large contract can justify a big number on paper, but repayment comes out of daily deposits regardless of whether that job pays on time. We underwrite to what the account can carry through a slow stretch, not to the value of the contract.
What a $75,000 advance looks like for a contractor
A commercial contractor averaging $210,000 a month in deposits covers materials and mobilization on a newly awarded job before the first draw.
- Advance amount
- $75,000
- Factor rate
- 1.38
- Total repayment
- $103,500
- Term
- About 10 months
- Daily payment (weekdays)
- About $483
- Time from application to funding
- 24-48 hours
1.38 is a common middle rate, not a floor or a cap — your rate is set from your own file — deposits, time in business, and existing positions all move it. Illustration only — run your figures through the funding calculator.
What you need to qualify.
Four simple requirements. Meet these and you're a strong candidate.
Questions, answered.
Can I get funding while waiting on a draw payment?
+
Yes. Bridging the gap between project costs and draw or final payments is one of the most common uses for contractor funding.
Do you fund specialty trades?
+
Yes. Electricians, plumbers, HVAC, roofers, concrete, landscaping, and general contractors all qualify under the same requirements.
Do I need to pledge equipment?
+
No. Advances are based on your business bank deposits, not on liens against your equipment.
What if winter is slow for my business?
+
Seasonality is expected in construction. We review several months of statements and can structure repayment around your cycle.
How much can a contractor qualify for?
+
Typically one to one-and-a-half times average monthly revenue, from $10,000 up to $2 million.