A subcontractor with a confirmed GC start date, a lumber deposit due 24 hours earlier, and a bank that wanted three weeks to process a loan he needed in one day. He found a different answer in 27 minutes.
Apply Free — Construction Loan →Jerome ran a two-person framing crew, self-employed subcontractor working under general contractors on residential builds. He had worked with the same GC for four years — reliable work, consistent pay, the kind of relationship that keeps a small subcontractor busy without needing to market constantly.
The GC called on a Tuesday: start on a new framing job Thursday, first day on-site. Jerome needed to have his lumber order placed and deposited by Wednesday morning — $3,200 for the rough framing materials the GC expected him to supply as part of his subcontract terms.
His business account had $540. The bank's small business lending team said the earliest they could review a loan application was three weeks out. He needed the deposit in under 24 hours.
He searched "construction loan fast subcontractor." Money247.com appeared. He applied at 5:30 PM Tuesday, connecting his account to show four years of GC subcontract payments. He submitted at 5:37 PM.
At 5:57 PM — 27 minutes later — three offers appeared.
"The bank wanted three weeks to review what Jerome needed in less than 24 hours. Income-only lenders evaluate actual bank deposits — four years of GC subcontract payments, visible and consistent, without a single business form to file."
— Why small business owners often need a faster path than traditional business lendingGeneral contractors set start dates based on build schedules, not bank processing windows. Material deposits are due before work begins, not after the first invoice. For subcontractors operating on thin cash reserves between jobs, a personal loan based on income history — same-day funded — is often the only option that actually matches how construction timelines work in practice.
Jerome completed the framing job on schedule. The GC added him to a second build within the same month. He has made all monthly payments on time and his credit score moved from 554 to 583.
The 27-minute loan that got him to Thursday's start date is now part of a working relationship that keeps his two-person crew busy year-round. The lumber deposit that was due in 24 hours cost him $138 a month over 30 months — a fraction of what the contract earned.
No tax returns needed. Bad credit from 500. Soft check only. Same-day deposit. 300+ lenders competing.
Apply Free — Construction Loan →No tax returns needed. Bad credit from 500. Soft check only. 300+ lenders competing. Apply free in 2 minutes.
Apply Free — Construction Loan →