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When it comes to concrete and masonry equipment, there's a whole plethora of large and small units that you might need.
So rather than cutting through your own funds to pick up the 20th diamond saw this week, or stressing over how picking up that new mixing truck might shake up your financials, get a loan with Cardiff so you can cut through stone rather than your wallet.
So you’ve laid out the groundwork for your masonry business, and you’re now ready to get a new mixer to keep up with growing demand. Whether you’re just starting out, or a seasoned mason, if you need financing to hire new employees, pay for blades and bits, repair equipment, or purchase new mixers, a masonry loan can provide the cash you need to do it.
The most common problem for any small business owner is a lack of cash flow. For owner-operated masonry businesses, it’s no different. Often masons get into trouble running up credit card debt to pay for materials, replacement parts. However, with a masonry loan, there’s an easier way to handle your budget.
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A masonry loans is basically a short term loan or line of credit that allows you to make purchases or cover costs when your business’ cash flow has slowed. When we work with masonry companies we make sure the process is simple and quick. Masons can apply from their smartphone, get funded, and have short repayment terms, so you can have a solid foundation for the future.
There are a few financing options for masonry. Choosing the type that suits your business’ needs is essential. Our staff can help create a lending package that works for you. However, here’s a brief summary of financing options for masonry.
These loans are ideal for rapid growth and short-term cash flow needs for expansion.
If you find recurring cash flow problems due to delay in payment or other seasonal funding issues, a line of credit can be helpful.
If you want to add to your fleet or repair trucks, this form of financing works well.
If you’re not in a hurry for financing and you’re looking for a longer repayment term, an SBA Loan can work for you.
Owner-operators who need replacement parts covered can use business credit cards. You’ll need a credit score of 680 or more to qualify.