Construction Business Funding covers Materials, Payroll, Subs, and Equipment while progress draws and retainage sit weeks or months out. Legend Advance Funding is a direct funder, from $20K to $3 million, decisions in 24 hours, funding in 24 to 48 hours, and your total cost disclosed in dollars before you sign.
In construction the money goes out long before it comes in. You buy materials, mobilize a crew, and cover payroll for weeks, then wait on a progress draw that arrives on the general contractor’s schedule rather than yours. Commercial and public work often bills on net-60 or net-90 terms, and retainage holds back five to ten percent until the job closes out, sometimes months after your last invoice.
Changing orders makes it worse. You perform the work first and negotiate payment after, which means an approved change order can sit unpaid while its costs have already cleared your account.
That gap is not a sign of a weak business. It is how the industry is built. A contractor with a full pipeline and strong revenue can still be short on a Friday payroll because two draws landed late in the same month.
Construction business funding closes that timing gap. A business cash advance funds against the revenue your business already generates rather than against a project that has not paid yet.
Payroll and supplier terms do not move
Bridges the gap without stopping work or delaying subs
Job cannot mobilize, start date slips
Buys lumber, concrete, and steel ahead of the first draw
Crew idle, schedule slips, penalties possible
Repair funded in 24 to 48 hours, back in service this week
Larger contracts stay out of reach
Covers the upfront requirement that qualifies you to bid
Capital locked while the next job needs mobilizing
Frees you to take the next contract now
Turning down work you could perform
Funds crew expansion and mobilization before the first draw
Common uses: Materials and Supplies, Payroll and Subcontractor Payments, Equipment Repair and Replacement, Bonding and Insurance, Permits and Fees, Crew Expansion, Change Order and Overrun Costs, Weather Delay Gaps.
The capital you need depends on where you are in the job.
Before ground breaks you are covering permits, bonding, insurance, materials deposits, and crew mobilization. None of it is billable yet. A cash advance covers the ramp-up so you are not funding a job out of pocket to win it.
Materials, payroll, subcontractor payments, and equipment repairs land every week while your draws land on milestones. Funding bridges the timing so work does not stop between payments.
Retainage and final payment can sit thirty to ninety days past your last day on site, exactly when you want to mobilize on the next job. Funding lets you take the next contract without waiting on the last one to close out.
Your overall business revenue
A specific unpaid invoice or draw
Materials, payroll, repairs, mobilization
An ongoing receivables gap on billed work
No
Yes, a percentage of each invoice
Yes
No, there must be an invoice to factor
Unchanged
The GC pays the factoring company directly
Not required to be billed
Typically excluded from advance rates
Yes
No
A business cash advance is not a loan. Legend Advance Funding purchases a portion of your business’s future receivables and provides capital up front. Remittance is collected as a fixed daily or weekly ACH from your business bank account rather than as a monthly loan payment.
Your total cost is set as a fixed dollar amount when the agreement is made. On a $50,000 advance with $65,000 total repayment, the financing cost is $15,000.
The factor alone does not tell you what the funding will feel like, though. Terms and payment amount matter just as much. Take a $50,000 advance with $67,500 total repayment. Over six months that is roughly $535 per business day. Over twelve months, roughly $268. Same total cost, very different daily impact on your cash flow.
Time in business
Minimum 3 months
Monthly revenue
$20,000+
Business bank account
Active US business checking
Business location
US-based business entity
Credit profile
All credit types considered, no strict minimum FICO
Advance amount
$20,000 to $3,000,000
Existing advances
Reviewed case by case
Yes, bad credit is usually workable. There’s no strict minimum FICO, and all credit types are considered. Cash advance underwriting reads your business rather than your score. What matters most is the revenue moving through your business bank account, how consistent your deposits are month to month, how long you’ve been operating, and what obligations you already carry. A contractor with a 550 score and steady $80,000 months is a stronger file than a 720 score with erratic deposits.
We fund across the trades: general contractors, subcontractors, electricians, plumbers, HVAC contractors, roofers, concrete and paving, framing, drywall, painters, masonry, excavation and site work, landscaping, demolition, and steel and welding.
Not sure if your trade or credit profile qualifies? Talk to a specialist.
We underwrite in-house and fund with our own capital. No broker markup, no middleman between you and the decision.
A range that covers a payroll gap or a full mobilization on a large contract.
Funded in 24 to 48 hours once documentation is complete.
We read your deposits, revenue consistency, existing obligations, and industry rather than screening on credit score alone.
Amount funded, total repayment, remittance amount, payment frequency, and estimated term, all in writing before you commit.
No liens on personal property.
Submit a quick construction funding application with basic business details.
We review your business revenue, deposits, obligations, and funding eligibility.
Review your funding amount, repayment terms, payment frequency, and estimated term.
Once approved, construction funds are typically deposited within 24 to 48 hours.
Legend Advance Funding provides business cash advances from $20,000 to $3 million. Your approved amount depends on your monthly revenue, deposit consistency, time in business, and existing obligations, and most contractors qualify for an amount tied to their average monthly deposits rather than to the size of a single contract.
Yes. A business cash advance funds against the overall revenue your business generates rather than against a specific unpaid invoice or draw, so pending receivables do not disqualify you. Underwriting looks at your deposit history across recent months, which is why several months of statements matter more than the status of any one job.
Yes. Legend Advance Funding funds general contractors, subcontractors, and specialty trades on the same terms: at least 3 months in business, $20,000 or more in monthly revenue, and an active US business checking account. What matters is the revenue moving through your business account, not your position in the contract chain.
No. A business cash advance does not require collateral and does not place a lien on your equipment or personal property. Equipment purchases, repairs, and replacements are a permitted use of the advance itself.
Not immediately. Legend Advance Funding requires a minimum of 3 months in business, because underwriting reads deposit history rather than projections or a signed contract. Once you have 3 months of revenue running through a business account and $20,000 or more in monthly revenue, you can apply.
Yes, in most cases. There is no strict minimum FICO and all credit types are considered. Consistent monthly deposits carry more weight than the score, which is why contractors with imperfect credit still qualify.
No. Factoring advances against a specific billed invoice and takes a percentage of each one, and your general contractor pays the factoring company directly. A cash advance funds against your overall business revenue, has no per invoice cost, does not require an invoice to exist yet, and does not change your GC relationships. Legend Advance Funding offers business cash advances and does not offer invoice factoring.
Approval decisions are generally available within 24 hours, and funding typically follows in 24 to 48 hours once documentation is complete. Timing depends on your documentation, underwriting, and your bank’s processing time.
The cost is a fixed dollar amount set when the agreement is made, not a rate that accrues while you wait on a draw. On a $50,000 advance with $65,000 total repayment, the financing cost is $15,000, and that figure does not change if a progress payment arrives late. Paying off early does not reduce the total unless your agreement includes an early payoff discount, so ask for the total dollar cost, the remittance amount and frequency, and the estimated term before accepting any offer.
Open advances are reviewed case by case. For contractors, underwriting pays particular attention to whether your combined remittance clears comfortably in the weeks between draws rather than only in a strong billing month. Disclose any existing positions when you apply, since undisclosed advances found during verification will stop a file.
Yes. Bonding premiums, insurance, permits, and licensing costs are permitted uses. These are common reasons contractors seek funding, because the requirement lands before the contract that justifies it, and meeting it is often what qualifies you to bid larger commercial or public work.
Whether you need capital to cover payroll between draws, buy materials ahead of a job, or mobilize on a larger contract, Legend Advance Funding will help you review your options with the full cost on the table before you decide.
Applying takes minutes and does not obligate you to accept an offer. Available to US businesses only.
