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Spec Financing

Build a move-in ready home that is appealing to home buyers

Acquisition & Development

Design your project by buying land, installing utility and roads, and constructing buildings.

Builder Line of Credit

Love to create! This valuable financial tool can help you build and grow your business.
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Some Helpful FAQ’s

How can a builder line of credit help my business?

A builder line of credit is a type of financing that can provide significant benefits to builders and contractors. A line of credit can provide builders with the ability to access funds on an as-needed basis, which can be particularly helpful when cash flow is tight or when unexpected expenses arise.

One of the primary advantages of a builder line of credit is that it can provide builders with the flexibility to quickly respond to changing business needs. For example, if a builder needs to purchase materials for a project, they can draw on their line of credit to cover the cost. Similarly, if a builder needs to hire additional staff to complete a project, they can use their line of credit to cover payroll expenses.

In addition to providing flexibility, a builder line of credit can also help builders manage their cash flow more effectively. By having access to a revolving line of credit, builders can smooth out cash flow fluctuations and avoid the need to rely on expensive short-term loans or credit cards.

Overall, a builder line of credit can be an invaluable tool for builders and contractors looking to grow their businesses and manage their finances more effectively. With its flexibility and access to funds, a builder line of credit can help builders stay competitive, take advantage of new opportunities, and ensure long-term success.

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Summit Lending

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