SBA Loans · Construction Financing · Working Capital · Equipment · Business Growth
SBA Loans · Construction Financing · SBA 7a · SBA 504 · Working Capital · Equipment
SBA Loans for
Construction Companies.
SBA loans are one of the most underutilized financing tools for commercial subcontractors. The SBA guarantee structure allows banks to lend to businesses that wouldn't qualify for conventional financing — making SBA programs particularly useful for growing subcontractors who need working capital or equipment financing but don't yet have the financial profile for conventional bank credit.
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SPM vs. Other CFO Firms
Most CFO Firms Serving This Trade
- High revenue minimums — most won't serve under $5M
- Advisory only — no bookkeeping, no implementation
- No job costing setup or ControlQore management
- No monthly WIP as standard deliverable
- No pricing published — discovery call required
- No vetted partner network for bonding, lending, or liens
- No prevailing wage specialty
The Construction CFO — SPM
- Serves $1M–$12M — starts at $1,900/month
- Full implementation — bookkeeping, job costing, CFO advisory
- ControlQore setup and managed for you every month
- Monthly WIP standard in Executive tier
- Full pricing published — no discovery call to find out costs
- Vetted partners for bonding, lending, lien services, payroll
- Prevailing wage and Davis-Bacon specialty
What We See in This Business
01
You've Been Turned Down for Conventional Financing
Conventional working capital lines and equipment loans require strong financial ratios — current ratio above 1.5, debt service coverage above 1.25, two or three years of clean financials. Growing subcontractors who don't yet meet conventional thresholds get turned down. SBA guarantees reduce the bank's risk, allowing credit to businesses that conventional underwriting would decline.
02
You Don't Know Which SBA Program Applies to You
The SBA offers multiple loan programs with different purposes, amounts, and terms. SBA 7(a) is the primary program — working capital, equipment, real estate, business acquisition. SBA 504 is specifically for major fixed assets — real property and large equipment. Most contractors know the SBA exists but don't know which program fits their need.
03
You Think SBA Loans Are Only for Struggling Businesses
SBA loans are not distress financing. They're used by growing, profitable businesses that need capital and don't yet meet conventional bank thresholds — or that want longer terms and lower down payments than conventional financing offers. A growing $4M subcontractor who needs equipment financing and working capital is a good SBA candidate regardless of profitability.
How SPM Fixes It
SBA 7(a) — Working Capital and Equipment
The SBA 7(a) program allows loans up to $5 million with terms up to 10 years for working capital and up to 25 years for real estate. The SBA guarantee covers 75–85% of the loan amount, reducing bank risk and making approval more accessible. Interest rates are variable — typically tied to Prime plus 2.75–4.75%. For subcontractors who need working capital or equipment financing and don't qualify for conventional credit, 7(a) is the primary tool.
SBA 504 — Major Fixed Assets
The SBA 504 program provides long-term fixed-rate financing for major fixed assets — real estate and heavy equipment. Typical structure: 50% bank financing, 40% SBA-backed financing through a Certified Development Company, 10% borrower down payment. Maximum SBA portion is typically $5 million. For subcontractors buying a shop, yard, or major equipment, 504 offers lower down payments and fixed rates that conventional financing rarely matches.
Clean Financials Are the Foundation of SBA Qualification
SBA lenders still review financial statements, tax returns, cash flow projections, and business plans. The SBA guarantee reduces lender risk — it doesn't eliminate underwriting. Clean books, accurate WIP, documented cash flow history, and a clear business narrative improve SBA application outcomes the same way they improve conventional credit applications. SPM maintains the financial infrastructure that supports both conventional and SBA financing for all clients. Executive clients also have access to our vetted lending partners who specialize in construction SBA financing.
Service Tiers
Tier 01
Core Financial
Starts at $1,900 / month
- ControlQore setup and management
- Job costing aligned to your estimate structure
- Cost-to-complete tracking — updated monthly
- Full-service bookkeeping — minimum 30 min/week
- Vendor payments via ACH (you approve, we initiate)
- Accounts receivable management
- Bank reconciliations and transaction matching
- Controllership
- 1 monthly CFO meeting
- 60-day onboarding — books migrated to last taxable year
Most Popular
Tier 02
Executive Financial
Starts at $2,900 / month
- Everything in Core Financial
- Monthly WIP schedule — delivered every month, standard
- 13-week cash flow forecasting
- CEO Report — monthly financial dashboard
- 3 CFO advisory meetings per month
- Strategic accountability and actionable to-dos
- Direct access to Josh Luebker
Pricing by Revenue
Revenue Range
(Last 12 Months) |
Core Financial
Monthly |
Executive Financial
Monthly |
| Under $1M | $1,900 | $2,900 |
| $1M – $3M | $2,600 | $3,600 |
| $4M – $6M | $3,800 | $5,500 |
| $7M – $9M | $5,100 | $6,900 |
| $10M – $12M | $6,100 | $8,500 |
| $13M+ | Quoted | Quoted |
Vetted Partner Network
National Lien Services
When AR gets too long, we connect you directly to our lien services partner to protect what you've earned.
Additional cost — not included in monthly fee
Payroll Integration Partners
Prevailing wage and regular payroll software partners integrated directly with ControlQore job costing.
Additional cost — not included in monthly fee
Bonding Partners
Surety relationships and bonding capacity support. We prepare the financials — our partners get you bonded.
Additional cost — not included in monthly fee
Lending Partners
Working capital lines and equipment financing through vetted lenders who understand construction.
Additional cost — not included in monthly fee
Reviewed Financials
CPA-level financial statement reviews for banking, bonding, and large contract requirements.
Additional cost — not included in monthly fee
CPA Coordination
We work alongside your existing CPA — not replacing them. Clean books and job costing make tax time easier.
Included — no extra cost
Common Questions
Straight answers.
How long does an SBA loan take to close?
Standard SBA 7(a) loans typically take 60–90 days from application to closing. SBA Express loans — up to $500,000 with a 36-hour SBA response commitment — close faster, typically 30–45 days. SBA 504 loans take 45–90 days depending on the CDC and lender. If you need working capital urgently, an SBA loan's timeline may not match the urgency. The right approach is establishing the relationship and completing the application before you need the funds.
Can SBA loans be used for a construction working capital line of credit?
Yes — SBA 7(a) can be structured as a revolving line of credit for working capital, not just as a term loan. An SBA revolving line functions like a conventional working capital line — draw, repay, draw again — but with the SBA guarantee structure that makes it more accessible to contractors who don't yet qualify for a conventional line. Ask your lender specifically about SBA CAPLines, which are designed for short-term working capital needs.
What's included in Core Financial?
ControlQore setup, job costing aligned to your estimates, cost-to-complete tracking, full bookkeeping (minimum 30 min/week), ACH vendor payments (you approve, we initiate), AR management, bank reconciliations, transaction matching, controllership, and 1 monthly CFO meeting. Starts at $1,900/month.
What does Executive Financial add?
Everything in Core plus monthly WIP schedule, 13-week cash flow forecasting, CEO Report, and 3 CFO advisory meetings per month. Starts at $2,900/month. WIP, cash flow forecasting, and the CEO Report are Executive tier only.
Do you handle payroll?
No. We have vetted payroll software partners — including prevailing wage integrations — that connect directly with ControlQore. Those are separate engagements at additional cost.
How long does onboarding take?
60 days. We migrate your books to the start of your last taxable year, set up ControlQore, and build your job costing structure. Fully operational in two months.
What software do clients use?
ControlQore. All SPM clients run on ControlQore for job costing and WIP. We set it up and manage it — you don't have to learn it. Clients switching from QuickBooks, Sage, or other platforms migrate during onboarding.
Do you work alongside our CPA?
Yes. We work alongside your existing CPA — not replacing them. Clean books and accurate job costing make their job easier at tax time.
What happens when we grow past $12M?
We have a clear graduation path. We prepare your financials, systems, and team for the transition and connect you with the right firm for your next stage of growth.