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How AL Elite works for roofing business loans
- Tell us about it. Your trade, where you operate, roughly how many jobs a month you quote, and whether you need capital, a customer-financing program or both. No credit pull.
- We match you. Your request goes to lenders in our network who work with contractors in your trade and state. For customer financing, we set up a program; for capital, we match you with business lenders.
- You choose and apply with the lender. Rates, terms and the decision come from the lender. For customer-financing programs, there's no cost to join and no obligation to use it on every job.
Roofing cash flow in one paragraph
A hail storm hits. Within a week you've signed forty jobs. Shingles, underlayment and crews cost money now; the insurance checks and homeowner payments come over the next three months. The roofer who can fund the ramp-up books the forty jobs. The roofer who can't books ten. That's what working capital and a line of credit are for.
Trucks, equipment and the off-season
Dump trucks and dump trailers for tear-off debris, shingle elevators and lifts, and crew vehicles are financed against the asset; see dump truck financing and equipment financing. For the winter slowdown, a line of credit drawn in the off-season and repaid in spring keeps crews together.
Customer financing is the other half
Business capital funds your side of the job. A customer-financing program funds the homeowner's: deductibles, upgrades and non-covered work paid monthly, with you paid at completion. See financing for roofing companies.
Example payments on roofing business loans
Illustrative arithmetic only. Business lenders quote their own rates, fees and structures (some use factor rates rather than APR; ask for the APR equivalent).
| Amount | Example APR | 12 mo | 24 mo | 36 mo | 60 mo |
|---|---|---|---|---|---|
| $25,000 | 8.50% | $2,180.49 | $1,136.39 | $789.19 | $512.91 |
| 12.50% | $2,227.07 | $1,182.68 | $836.34 | $562.45 | |
| 18.50% | $2,297.95 | $1,254.15 | $910.09 | $641.66 | |
| $50,000 | 8.50% | $4,360.99 | $2,272.78 | $1,578.38 | $1,025.83 |
| 12.50% | $4,454.14 | $2,365.37 | $1,672.68 | $1,124.90 | |
| 18.50% | $4,595.91 | $2,508.30 | $1,820.19 | $1,283.31 | |
| $100,000 | 8.50% | $8,721.98 | $4,545.57 | $3,156.75 | $2,051.65 |
| 12.50% | $8,908.29 | $4,730.73 | $3,345.36 | $2,249.79 | |
| 18.50% | $9,191.81 | $5,016.60 | $3,640.37 | $2,566.62 |
Example monthly payments using standard amortization with no fees. The APRs shown are illustrative tiers, not offers. Your rate, fees and term are set by the lender and depend on your credit profile, income and state.
What lenders look for
Every lender sets its own criteria. The things that come up most often:
- Time in business. Many business lenders want at least one to two years of operating history; some products accept less.
- Revenue. Annual revenue thresholds vary by lender and product. Bank statements are the usual proof.
- Business and personal credit. Smaller contractors are often underwritten partly on the owner's personal credit.
- Licensing and insurance. A current contractor's license (where required) and general liability insurance.
- State. Lender availability and product rules vary by state. We match you with lenders who serve your location.
Frequently asked questions
What loans are available for roofing companies?
Working capital loans, lines of credit, equipment and truck financing, invoice factoring for insurance-paid jobs, and SBA-backed loans for established companies. AL Elite matches roofers with lenders offering each.
Can a roofing company factor insurance-paid invoices?
Often, yes, with factors who understand insurance claim timing and assignment-of-benefits rules in your state. Confirm the state's rules first.
Can a new roofing company get financing?
Equipment and truck financing are the most accessible with limited history because the asset is collateral. Working capital usually needs a year or more of statements.
Is AL Elite a lender for roofing business loans?
No. AL Elite is a matching service. We route your request to business lenders in our network who fund roofing business loans, and they set the terms and make the decision. Lenders pay us for introductions; you don't.
Does requesting options affect my business or personal credit?
Submitting a request to AL Elite does not pull credit. Business lenders typically run a soft inquiry to pre-qualify and a hard inquiry at formal application. We tell you each lender's approach before you proceed.