When you’re running a construction business, even a short delay on a project can create serious cash flow issues. Unforeseen weather, permit holdups, or supply chain disruptions can stall progress—and with it, the payments you’re counting on to pay your team, purchase materials, or take on the next job.
That’s where commercial lending solutions, like lines of credit and short-term business loans, can help you bridge the gap and keep your operation running smoothly.
Understanding the Impact of Project Delays
Delays are often out of your control, but their effects can ripple through your entire business. If you’re a contractor waiting on payment tied to project milestones, a delay might mean postponed revenue for weeks or even months. Meanwhile, you still need to pay subcontractors, cover payroll, and manage overhead.
Without a financial cushion, this kind of gap can put stress on your cash reserves—or worse, force you to turn down new opportunities.
Financing Tools to Keep Cash Flow Steady
At Union Savings Bank, we understand the unique challenges that come with running a construction business in Connecticut. Our commercial lending team works closely with contractors to provide financing solutions that offer flexibility when timing doesn’t go according to plan.
Lines of Credit for Ongoing Support
A business line of credit gives you access to funds you can draw from as needed, making it ideal for bridging short-term cash flow gaps. You only pay interest on what you use, and you can reuse the credit as you repay it.
This type of financing is especially helpful for:
- Covering payroll while waiting on progress payments
- Buying materials when supplier terms are tight
- Managing costs during slow seasons or project delays
Short-Term Loans for One-Time Needs
When you face a specific funding challenge—like replacing equipment or covering costs for a delayed job—a short-term business loan can provide a lump sum with predictable repayment terms. These loans help ensure you can meet obligations without derailing other parts of your business.
Get Started with a Local Lending Expert
If your construction business is facing cash flow challenges due to project delays, let’s talk. Our team is here to help you explore the right financing options to keep your business strong today—and positioned for growth tomorrow.
Connect with a commercial lender at Union Savings Bank and see how we can help you navigate financing for contractors, manage construction loan delays, and access business loans to bridge cash flow gaps. Learn more.
All loans and lines are subject to credit approval.
