Business funding for roofing contractors
A storm can fill a roofer's schedule for months, but insurance adjusters, supplements and homeowner deductibles all pay on their own timeline while crews and shingle suppliers need paying now. Roofers usually need one tool for the storm-season crunch and another for the slow winter stretch.
- One application, several lenders
- No credit pull to see your options
- No fee to you, ever
Common funding needs
- Buying shingles, underlayment and materials for a booked job
- Paying crews while an insurance claim or supplement is processed
- Covering payroll through a slow winter
- Adding crews fast when a storm hits your area
- Replacing a boom truck or material lift
- Bridging the gap on a homeowner's insurance settlement
What usually fits
Products that usually fit
- Invoice factoring for commercial and insurance-payer jobs waiting on a claim to settle.
- Line of credit for materials and payroll that repeats every storm season.
- Working capital for a fast, lump-sum need after a storm hits.
- Equipment financing for trucks, lifts and roofing equipment.
Compare term loans, lines of credit, cash advances and equipment financing side by side →
Illustrative example
A worked example
A roofer has $65,000 in insurance-approved claims waiting on adjuster sign-off, typically 30 to 60 days out. Factoring at an illustrative 85% advance puts about $55,250 in the account within days; at an illustrative 3% fee for that period, the fee runs $1,950, with the rest paid when the insurer settles.
A crew short on materials mid-storm-season might instead draw $20,000 against a line of credit at an illustrative 10–22% a year: about $167–$367 for the month it takes to get paid.
Illustrative example only, not an offer or a quote. Rates, fees and terms are set by each lender and depend on your business. Fees are not included unless stated.
Underwriting
What lenders look at
- Contracts split between insurance-restoration work and retail sales
- How reliably insurers and adjusters on your claims pay
- Materials supplier terms and current balances
- Monthly deposits across storm season and off-season
- Liability insurance and any manufacturer certifications
- Owner credit and years in roofing
Honestly
Who this is not for
- A crew with no completed insurance claims yet: factoring needs an approved payer to advance against
- Chasing every storm outside your usual service area without the crews to back it up
- Borrowing against a supplement that hasn't been approved: the payout can still change
If borrowing does not make sense, we will say so.
Are you a match?
Lender network minimums
Close but not quite there? Apply anyway and we will tell you honestly what is possible.
*Best available terms from lenders in our network. Every lender sets its own criteria; approval, amount and funding time are decided by the lender and not guaranteed.
| Time in business | 1 year+ |
|---|---|
| Monthly bank deposits | $20,000+ |
| Credit score | 500+ |
| Bank account | Business |
| Fee to you | $0 |
| Credit pull to start | None |
FAQ
Roofing funding questions
Can you factor an insurance claim before the adjuster signs off?
Usually not the full amount. Most factoring companies advance once the claim or supplement is approved, not while it is still under review.
Do you fund storm-chasing crews from out of state?
Some lenders will, others prefer local operating history. Tell us where you are working and how long you've been doing it.
Can I finance a boom truck or material lift?
Yes, through equipment financing. New and some used equipment both qualify, depending on the lender.
What happens in the winter when work slows down?
A line of credit set up before the slow season gives you something to draw on for payroll without applying under pressure. We can help you plan for that.
Guides
Guides for roofing
Related
Similar businesses
Construction (all trades) · General contractors · HVAC · Plumbing · Electrical · Landscaping & snow removal
Where we work: all US states · all Canadian provinces
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