Even if capital isn’t currently your top concern, you will need a construction business loan sooner or later. That is because initial deposits alongside progress payment schedules often do not effectively align with project demands.
Unexpected expenses, employee wages, materials, equipment, machine upgrades, repairs, upfront costs, etc., will inevitably exceed your current cash in hand. You will need extra working capital, and to continue collecting any outstanding receivables while completing your projects when you face that situation.