Facility Services
Business Funding for Remodeling Companies
Remodeling companies carry the financial burden of every project from deposit to final payment. Materials, subcontractors, permits, and labor all need to be paid during the project, but final payment does not arrive until the punch list is complete and the client signs off. Kitchen and bathroom remodels average $25,000 to $75,000, and whole-home renovations can exceed $200,000. Financing the gap on multiple concurrent projects strains even well-run companies.
Common Uses
What Remodeling Companies Use Funding For
- Fund material purchases for active remodeling projects including cabinets, countertops, and fixtures
- Pay subcontractors for plumbing, electrical, and HVAC work on renovation projects
- Cover permit fees, architectural plans, and project management overhead
- Invest in showroom space to help clients visualize finishes and drive new project sales
Funding Options
Best Funding Types for Remodeling Companies
Business Line of Credit
The most flexible option for remodeling companies managing multiple projects. Draw funds as each project's material and labor costs come due, then repay from progress payments and final billings.
Invoice Factoring
Factor outstanding invoices from commercial remodeling clients who pay on net-30 terms. Residential clients typically pay at completion, but commercial and property management clients can take weeks or months.
Equipment Financing
Finance demolition equipment, dust containment systems, and work trailers. Remodeling requires specialized tools that differ from new construction, and equipment financing spreads those costs over time.
What Lenders Look For
Qualification Notes for Remodeling Companies
Related Industries
Related Facility Services Funding
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