- Struggling to Finance Your Metal Building? Here Are Some Great Options and Considerations
September, 15 2020
Struggling to Finance Your Metal Building? Here Are Some Great Options and Considerations
Over the last decade, rapid innovation and development have provided increased functionality and aesthetic appeal to metal buildings. Today, the installation of metal building structures are rapidly on the rise throughout the United States and the rest of the world.
Are you wondering how you could finance a metal building project of your own? Not to worry, there are many flexible metal building financing options available these days, which we shall cover in more detail throughout this article.
How To Finance Your Metal Building
Installing a metal building may not come cheap, but fortunately, there are many financing options available for you to consider. Let us look at some of the most common financing options for metal buildings:
Finance It Yourself : You might think it’s a far-fetched notion to finance your metal building using your own money, but in reality, it is not that difficult. If you pay for the steel building upfront, you don’t have to worry about the mortgage and monthly fees. In fact, self-financing requires you to ultimately spend much less in the long run.
Use a Bank or Credit Union : When it comes to metal building financing, you can start with your bank. When you’ve been a customer of the credit union or the bank for a long time, they will often consider that when offering you a loan.
Use a Mortgage Broker : Instead of checking out multiple loan sources, you can get in touch with a mortgage broker. They will ask you to share your financial status as well as the goals for your project, they will then use this information to find you a suitable lender.
Ask Your Metal Building Dealer : An easy way to finance your metal building project is to see if your metal building dealer offers any options. This is a good option because if the company’s invested in your project, you could generally get better deals.
Some Additional Points To Consider
After considering standard steel building financing options, there are some other factors you need to look at as well. They will save you much stress over time, and help make the entire process smooth and hassle-free. Take a look at these factors that will save you much trouble in the future:
Be Prepared : Before someone lends you money, they likely want to know what your building plans are, the timeline for your project, etc. It would be best if you built a realistic timeline after factoring in weather conditions. Having a fixed plan is essential so that your lender feels comfortable financing you.
Use Only Licensed Contractors : You need to ensure your contractor is licensed because otherwise, it may be challenging to secure a loan. You should check your contractor’s license before hiring them and find out what others are saying about them.
Be Patient : Compared to a traditional loan, steel building financing is a bit trickier. You have to devote some time to gathering proof of income and other essential documents. Loans related to buildings are high-risk compared to different kinds of loans, so lenders tend to be extra careful with them.
Reduced Insurance Costs : You can save some money regarding insurance when it comes to a metal building project. Metal buildings do not require much maintenance, are fire-resistant, and can withstand inclement weather conditions. Due to this, you can typically receive insurance discounts.
What Metal Building Financing Options Does Triple-A Steel Structures Provide?
Triple-A Steel Structures has some of the best financing options for metal buildings in the industry. You don’t need to go to a bank to ask for a loan when there are many better options available. Let’s take a look at some of the options available:
Metal Building Financing with PowerPay
Triple-A Steel Structures has a long-term partnership with PowerPay, so you can get the best steel building financing options through them. Here are some of the significant benefits they provide:
Transparent : With this financing option, you don’t have to worry about paying hidden fees. The system is open and transparent, and you get to know all the details of your loan immediately.
Quick : When you go to an independent lender or a bank to finance your project, they might make you wait for hours, or even days. Their verification process is long, and it may take some time before they approve your loan, but with Triple-A Steel Structures financing program through PowerPay, you can be instantly approved.
Lowest Monthly Payments : With this option, you don’t have to spend huge sums of money every month paying out your loan. Want a low monthly payment option? Then financing program from Triple-A Steel Structures is ideal for you.
No Pre-payment Penalties : You can choose to pay your loan at any time without worrying about pre-payment penalties. When you pay an extra amount in addition to your fixed monthly payment, you can reduce your loan’s principal balance quicker.
Rent-To-Own Metal Buildings
Triple-A Steel Structures also has a partnership with RTO National, the largest provider of installment contracts and consumer lease purchases in North America. Here are the benefits of utilizing this useful financing option.
No Credit Check Needed : Do you have a history of bad credit? Not to worry, rent-to-own does not require a credit check.
Instant Approval : The time of waiting for your loan to get approved is over. You can get instant approval thanks to financing from Triple-A Steel Structures and RTO National.
Month-to-Month Contract : If you are not comfortable entering a long-term deal, the month-to-month contract option allows flexibility.
Pay Off Anytime : You can choose to pay off your loan at any time without any additional fees.
Buy Metal Buildings from Triple-A Steel Structures Today!
As you can see, there are a lot of ways you can go about financing your metal building project. This offers you greater flexibility during the planning phases of your project, and allows you to shop around and compare to find the best possible option for you.
Triple-A Steel Structures is an established dealer of metal buildings that provides the best quality metal structures across the United States. They have the best lead times in the industry, superior customer service, and some of the most competitive prices available. You can even make your purchase online, so hurry up and place your order now! Call Triple-A Steel Structures at (888) 511-0899.