According to a report focused on California’s economic growth in 2024, the state’s housing market is expected to rebound from 2023’s sharp construction slump, especially in the second half of the year, as lower mortgage rates and limited supply spur residential construction. Single-family construction is expected to lead residential construction; multi-family housing starts are expected […]
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According to a report focused on California’s economic growth in 2024, the state’s housing market is expected to rebound from 2023’s sharp construction slump, especially in the second half of the year, as lower mortgage rates and limited supply spur residential construction. Single-family construction is expected to lead residential construction; multi-family housing starts are expected to pull back but their impact on overall housing supply will be limited as they’re a smaller share of the overall market.
What this means for residential construction companies is that the work will be there but they’ll need to be in a position to compete for it. In some cases, that may mean seeking a business loan to use for any number of reasons, including:
- Competing for bigger jobs
- Hiring more workers
- Marketing and advertising
- Managing cash flow
- Purchasing equipment and materials
- Making payroll
Since every residential construction company’s situation is unique, there’s no one-size-fits-all business loan that will be right in all cases. The good news is that there are plenty of alternatives available to look into if you’re in the market for a business loan for your residential construction company, including:
- Working capital loan—Providing the cash you need to cover ongoing, everyday operational costs, typically repaid within three to 18 months
- Equipment financing loan—Supporting your ability to purchase equipment, typically using the asset as collateral
- Business line of credit—Functioning almost like a business credit card, providing you with a credit line to draw from as you need it
- Term loan—Securing a lump sum that can be used for a variety of purposes—typically by established contractors—that must be repaid within a specified period
- SBA loan—Funding secured through a bank, credit union or alternative business financing facilitator that’s guaranteed up to 75% or 85% by the Small Business Administration
- Real estate financing—Using an asset such as land or buildings as collateral to secure a business construction loan with more favorable terms
While every lender may have its own set of requirements to apply for business loans for residential construction companies, in addition to an application, the following documents are usually needed to apply:
- Recent tax returns
- Current P&L statement
- Debt schedule
- Recent bank statements
The Bottom Line
Competition for jobs among residential construction companies is likely to be quite spirited this year, especially in the single-family home arena. Companies that are successful in securing work are going to be those who’ve gone all out to ensure they’re ready to jump right in—so it’s critical that they have the necessary staff and equipment for ongoing work. With the availability of so many types of business loans for residential construction companies, there’s no reason to have to sit on the sidelines and watch other companies grab the business.
Clear Skies Capital has helped many residential construction companies determine the business loan that’s best for them and get the financing they need in a timely fashion. Contact us today at 800-230-9822 to discuss your company’s needs.
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Thank You
We would like to thank all of our clients for helping us achieve such a high rating in Google.
Excellent service, very friendly and helpful throughout..special shoutout to Gene and Josh..you guys are the best, thank you! 😊
Once again the Clear Skies team came through for my company in a big way. I can always depend on their team to resolve our needs. Thank you Clear Skies.
The head hancho Jeff made the experience go very smoothly. Quick and easy. Very professional. I highly recommend!
I have worked with Clear Skies several times Jeff Thorn and Josh Hobart are wonderful people to work with. The loan process is quick and easy. I have a lot of people calling offering the same type of loan, but I always go back to Clear Skies.
Very wonderful service. Really quick response and positive results. You guys won't regret their service. I already referred them to my friends. Really awesome.
Very helpful and not pushy like most businesses of this type
I worked with Rodrigo Tolentino to get a commercial bridge loan and line of equity to help with cash flow and payroll. Rodrigo was super helpful, answered all of my questions, and followed through each time there was a deliverable. Deposit came the next day after documents were signed. Super easy and professional to work with. Thanks!
Jeff at Clear Skies Capital was GREAT! He made the process so simple and understandable. Very quick to respond and very professional. We highly recommend!
Incredible experience!!!
Rodrigo Tolentino was GREAT...Nice, Easy, and Fast process. We could not be happier, HIGHLY RECOMMENDED
Thank you Rodrigo for all the help
Stream-line service. and Professional.
Quick execution. Very knowledgeable and helpful. Jeff - appreciate you and your teams help with our Business Loan. Would highly recommend this small business! Thank you
JEFF AND RODRIGO ARE EXCELLENT. THEY GOT WHAT WE ASKED FOR VERY QUICKLY. REALLY APPRECIATE THAT.
Great company to work with. Attention to detail is their goal along with personalized service.
Professional and very responsive. Great experience with the team at Clear Skies Capital. Strongly recommend.
Great team and a great experience. Thank you
Clear Skies Capital...you guys are Hammahs!!! Mahalos again for your First Class service, Elite service!!
I've been working with Jeff for about a couple years now. I take out a bridge loan to help out with the slower winter months, and occasionally in the summer time when larger jobs come in. They're fast and transparent with the whole process, very professional.
Jeff and his team are awesome. It's tough to find traditional financing for my business due to its industry and seasonality. I feel like I speak for most small business owners when I say I'd much rather be out there making money than noodling through all the different funding options out there alone. They were quick and efficient and gave me a few different options to choose from that helped blend the payments in with my cashflow better. Highly recommend if you're in the market for working capital.
Thanks for all of your help. It is much appreciated.
My five star review is for Gene he has been wonderful to work with I really feel he was in my best interest for my company. He spent a lot of time with me and went above and beyond was very good on getting back to me and answered all kinds of questions for me he is very intelligent and knows his business. If you want someone that you can trust and you know will help you in the best way possible that he can I would go with Gene. Thank you once again Gene for everything you've done. Plan on doing business together again.
As a small business owner I was losing hope by getting rejected left and right for a business loan. Then Jeff Thon and his AMAZING team came in as THE REAL MVPs and helped me to FINALLY get approved for some capital. I can't thank you guys enough! You all came in as a team, a team I needed on my side, and made magic happen. Thank you from the bottom of my heart!
A great company to work with. Was super easy and stress-free, and walked me through every step of getting some funding for my business
Provided some great funding options that saved the deal on an investment property.
Awesome fast service by extremely professional folks!
The experience with Clear Sky's couldn't be any better!
Loved working with Jeff and his team and learning about his business. I referred a client to him and he was on the phone with them within an hour of the referral to answer all their questions. He is truly a resource and really cares about the people he works for. TOP NOTCH and I highly recommend him!
Easy to work with and very friendly staff. Great job!!!
I am so thankful for this Clear Skies Capital! Gene was so awesome! He was very clear and honest from the beginning and worked really hard to get me the funds that I needed. He worked super fast at getting me an approval! I’m definitely sticking with Clear Skies Capital for all of my future business needs!!
Working with the team at Clear Skies has been painless, efficient and fast - unlike anything I have ever experienced!
great working with these guys! always available and they take the time to meet your needs. Would highly recommend them.
Clear Skies Capital Inc is OUTSANDING If you need funds they are the Only one to work with.
Very quick and easy process !!
After more than 50 years in businessWe have experienced many lucrative years but also difficult times. CovidHas been the most challenging!Thought we had made it until all these variants starting showing up. PatientsFears came back and cancellationsWould start again every time there wasA story on TV or radio. But people were not dying like when Covid first appeared.For the most part things have turnedBack to normal. At this point we contacted Clear Skies. Needed some help due to insurance companies taking three to six months to pay us. We had heard a lot of good things about JeffThon from other professionals. The trust factor was most important to us.We were introduced to Gene who is the most patient person and found theBest type of program for us. Josh was right there for us pulling us through all the technical skills we needed to finalize everything. Jeff communicated with both these fine gentleman throughout the whole process. It is a comfort to have such knowledgeable andConsiderate professionals as a support team to our practice.George and Donna Zacko
Jeff and his team at Clear Skies Capital were able to get us several offers for our LOC application in less than three days. Our business is adjusting to post pandemic life and endeavoring into new ventures. Thank you Clear Skies for helping us get started!
Professional, thorough and came through for us in a big way where others failed to deliver. If you have funding needs Clear Skies is certainly my first call now.
Couldn’t be happier with the lending services of Clear Skies Capital. And especially grateful that Gene Doroliat helped keep my construction company going as we have to ride the wave of all the financials burdens that come with owning a business. Thanks Gene for helping me get the business funding we very much needed!
Great company to work with. It was a very easy and fast process for our small family owned business. Highly recommend!!
Great people to work with very responsive and gave me many options!I would highly recommend them for your financial needs!
Super easy process! Fast results. I would recommend to anyone!
Excellent costumer services, Jeff help me a lot. The process was easy and fast. Now I’m ready to open a new business
Josh was very helpful & fast! Thanks!
Josh & Gene are awesome people to work with. They were quick and efficient very Polite and even called afterward to make sure everything smoothly. The best company I have worked with
Gene was professional and cool about the entire process, really easy to talk to. I appreciate Jeff and the clear skies team working to get me approved quickly and providing different options that best met my financing needs. The company definitely went above and beyond and kept me updated during the entire process. I will definitely recommend and use them in the future.
I have worked with these guys on multiple loans , they are very professional and prompt.
The staff with this organization were very friendly, efficient, and informative. All questions were answered. This is my second time receiving funding. Both encounters were extremely smooth. I look forward to a lasting relationship with them.
SEAMLESS...hassle free...great conversations leading up to taking this to the finish line!!
Shout out to Gene! Great experience working with this lender as this was our first Business Loan. It was quick and simple. Definitely an option to be considered if you've been working on establishing business credit and need a boost in operating funds.
Jeff and his team have helped me access capital when my business needed it most. When traditional banks weren't willing to lend Clear Skies found several options for me to consider. I've worked with them a few times and each time was professional and quick. They took the time to understand what I needed and found me the best product. My first funding was a working capital loan. The second was an equipment loan through a partner organization and the third was a line of credit for those unexpected business expenses. I highly recommend.
Clear Skies Capital has been awesome to work with both Jeff Thon and Marjorie has provide 10 stars service, but I can only leave 5 stars. There quick to reply to emails, calls and their patients with me getting back the information they need to make things happen. In the end, I have been able to acquired another company and get the working capital I need to continue to grow. And with the multiple markets Jeff uses I have already been approved for additional funding for my next acquisition endeavor. Thanks Clear Skies, Jeff and Marjorie!!!
Clear skies came to my rescue in a time of need. I was fortunate enough to actually speaker with the CEO of the company Jeff Thon. They got me the funding I needed in less than 2 days. Wonderful experience.
Very professional and efective, it's a pleasure dealing with you guys, great experience!!
Jeff and his crew are by far the best finance company I have delt with. They came through at a time when we were growing with an unprecedented amount of work and took care of us. They will have a client for life.
Marjorie and Jeff made the application and funding process smooth and efficient. We are looking forward to our new relationship!
Jeff and Josh were great to work with.Made the process seamless.
Clear Skies is the best for your funding needs. I have been dealing with this company for years and they have always found ways to help me out. Marjorie has been the greatest and deserves more than five stars. Thanks Clear Skies.
Jeff's motto is "at your service", and he and his employees exemplify that every day. Clear Skies Capital will not rest until it finds a solution for your financing problem. If Jeff and his crew can't find a solution, no one can.
We've worked with this company for several years for our financing needs. They have worked hard to obtain financing for us and they have earned our trust. Marjorie Butor is the best when it comes to being proactive. She is friendly and professional. We highly recommend this company.
amazing customer service! I've been using Clear Skies for years they never disappoint.
Great company to work with. They really care about you and will do whatever it takes to find a solution for you.
If any is looking for a business relationship the has the upmost integrity, and doesn’t stop working until your funds are received Clear Skies is the way to go!An awesome team with a big heart! Thank you!
Jeff and his team really came through and got us the funding we needed and they did it super quick!!!Professional & honest are the other words I would use to describe Clear Skies.Thank you for all you do!
What a team. Would not look anywhere else for funding. Thank you so much for all you have done for my business!
Very professional service. Always follow up when I send in an inquiry and fairly quick to fill funding needs.
I had the pleasure of working with this group through my place of employment for a LOC, and it was a breeze! Amazing team, super responsive, immediate answers to emails AND they answer the phone!!! I highly recommend giving them a try!
Clear Skies was awesome to work with. They were very clear and upfront about what services they offered and the experience as a customer was great! highly recommend reaching out to them if your business needs any financial services.
Great communication and very easy to work with.
Jeff Thon and Josh were such great people to work with and was very on top of documents I was needing to send them in order for both my companies to get working capital. They were so sufficient and professional but had the personality that made me laugh. I wish more companies had superior's more like your company does. I appreciate them for what they did in a short amount of time, I couldn't have worked with anyone better than these two guys.
Clear Skies Capital is excellent. We got our desired funding in two days. Their application process is efficient and to the point. Jeff and Josh worked together in securing needed capital for our business. They did not ask too many questions but provided several offers for us to pick, clear and simple. I strongly recommend Clear Skies Capital for small business funding.
Thank you Josh and Jeff for making sure everything went smoothly and efficiently while also getting it done so quickly! We sure appreciate your customer service.
Very professional. Jeff has helped me over the years, and has been viral to my practice.Highly recommend Clearskies cap !!!
Excellent service. Very nice to work with. They really know their stuff!
Terrible communication. Takes your company info then never gets back to you. If you don’t qualify, at least be professional and give a courtesy call to state why. Will never use this company again.
I had a good experience with this company. They were fast, responsive and helpful. Had a few mishaps on my end but they found a way to get me funded. I will definitely recommend them to friends.
Jared made everything a smooth process!
We had a great experience with Jeff and Clearskies capital. Things went very smoothly and received the money quickly for our business. Thank you for everthing!
Marjorie, Howie, and Jeff are amazing. They have very quick turnaround and funding. The process is easy and simple with the help of my friends at Clear Skies.
Very great smooth process. Thank you Jeff Thon for your professionalism and amazing follow up. He really gave me great customer service and showed me all the options available to me and my business. Would definitely do business with them again.
Awesome
Clear Skies has always been there for E-Nor Innovations Inc. There hard working professional company. Happy New Year from E-Nor Innovations Inc. a Jones family Company. Clear Skies staff. Ask for Jeff. Thanks
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Clear Skies Capital
11858 Bernardo Plaza Ct Ste 110
San Diego, CA 92128
T: 1 (800) 230-9822
E: info@clearskiescapital.com
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