Financing Your Next Project: What You Need to Know

Starting a construction project—whether it's a renovation, tenant finish, or ground-up build—can be one of the most exciting and rewarding investments you make. But before breaking ground, one major consideration must come first: how to finance it.

At Novus Construction, we understand that even the most well-planned projects can feel overwhelming without a clear funding strategy. That’s why we’re here to walk you through what you need to know to make informed, confident decisions when it comes to financing your next project.

1. Why Financing Matters

Construction projects often require significant upfront capital, and while some clients may have the ability to self-fund, many choose financing to maintain cash flow or expand their possibilities. Financing allows you to:

• Start sooner without waiting to accumulate full capital

• Preserve working capital for unexpected costs or opportunities

• Stretch your budget to include more features or upgrades

• Match cash flow with construction milestones or income potential

Whether you're building a new business space or renovating an existing one, the right financing strategy can help you do more—without overextending your resources.

2. Types of Construction Financing

Here are the most common financing options to consider:

Construction Loans

Short-term loans designed to cover the cost of construction. They often convert into a long-term mortgage once the project is complete.

Business Line of Credit

Offers flexibility to draw funds as needed and pay interest only on what you use. Useful for smaller phased remodels or tenant improvements.

SBA Loans

Backed by the Small Business Administration, these loans offer favorable terms for qualifying small businesses pursuing expansion or property improvement.

Equipment or Material Financing

Specialized financing that covers large purchases like kitchen hoods, HVAC systems, or other commercial-grade fixtures.

3. Introducing Buildertrend Financing

We’re proud to be a Gold Member of Buildertrend Financing, which means our clients have exclusive access to simple, transparent, and flexible construction financing.

With Buildertrend Financing, you can:

• Pre-qualify without affecting your credit

• Choose from multiple offers

• Get fast funding through trusted partners

• Finance directly through your contractor—us!

This service is perfect for clients looking for a stress-free, streamlined way to fund their projects while working with a contractor they trust.

4. What to Prepare Before Applying

To make the financing process smoother, gather the following in advance:

• Detailed project scope and budget

• Timeline and estimated completion date

• Business or personal financial statements

• Property documents (if applicable)

We work closely with you to provide accurate cost breakdowns and documentation needed by lenders, so you’re never navigating the process alone.

5. Making the Right Choice

Not all financing solutions are created equal. Choosing the right option depends on your:

• Budget size and structure

• Timeline

• Business or personal credit history

• Long-term ownership or leasing goals

At Novus Construction, we take the time to understand your unique needs and help guide you toward financing that aligns with your vision and financial comfort.

Final Thoughts

Financing doesn’t have to be a hurdle—it can be a powerful tool. By exploring your options and partnering with a contractor that offers built-in financing solutions, you can unlock the full potential of your space with confidence.

Ready to build smarter, not harder? Contact Novus Construction and Buildertrend Financing to bring your project to life!