Greenlock has a very personal story associated with its founding. One of our founders, Miguel Soltero, is the son of a general contractor. Growing up, he remembers his father working from sunup to well past midnight. Cash flow was always a problem and there were times when there wasn’t enough money to keep projects moving forward. His father was regularly in a position where he had to make very difficult choices, like choosing to pay his employees over paying himself. At one point, he was forced to sell the family home to get the cash to keep his business from going under.
Eventually, the stress of running a contracting business became too much, and Miguel took over his father’s business. It was then that Miguel realized the need for loans that are tailored to the needs of contractors—specifically, insurance restoration contractors who often have to finance their own projects, since it can take months for an insurance company to pay out on a claim.
Many banks consider lending money to contractors a risky venture, and therefore it is often difficult for contractors to secure much-needed loans to keep their businesses afloat or to help them grow. But here at Greenlock, we understand the construction industry and its unique challenges. We’ve developed loan products like Project-based Loans and Invoice Financing that get insurance restoration contractors paid for the work they’ve completed in a timely manner, while offering repayment terms that are reasonable and fair.
We don’t think it’s an overstatement to say that our contractor loans change lives. A loan from Greenlock removes the stress associated with not having the money to pay your employees or for the materials you need to complete your current project.
We have clients that have told us that they were ready to quit even though they loved many aspects of being a contractor. They were going to close their businesses and do something less stressful. However, once they found Greenlock, it was a game-changer! Our clients tell us that having the capital they need has revolutionized their businesses. They can take on more projects and bigger projects, knowing they’ll have the cash on hand to complete them. They can plan for the future. They even sleep better at night!
Greenlock is a company founded by contractors for contractors. We are committed to helping your company succeed and grow.
If you are an insurance restoration contractor in need of a loan, contact us today. We can answer all of your questions, help you decide which type of loan is right for your business, and get you started with the loan application process.
