Lakerun Commercial Capital, a Findlay, Ohio funding service, helps contractors and builders request funding for materials, crews, equipment and the wait between a draw request and payment. Partners review job contracts, bank statements and receivables, then set any terms. This page uses Hancock County, OH Census counts for the trade.
At a glance
- Payroll-paying builders and trades, Hancock County, OH
121 (CBP 2023)
- Portion with one to four on payroll
52.9% (CBP 2023)
- Construction outfits with no payroll
531 (NES 2024)
Where a contractor's money sits before the draw clears
A contractor's money moves in a set order. Materials are bought or put on a supplier account first. Crews are paid weekly or every two weeks. The contractor then bills by draw or by invoice, and the owner or general contractor pays some weeks later, in many contracts holding back a share as retainage until the job closes. Every step in that chain is a place where cash runs short.
Funding for the trade lines up with those steps: working capital or a line of credit for crews and materials, equipment financing for machines and trucks, and a term loan for a larger purchase such as a second yard or a competitor's business.
Hancock County, OH contractors in the Census counts
County Business Patterns counted 121 construction employer establishments in Hancock County, OH in 2023, with 1,183 employees and $77.9 million in annual payroll; 52.9% had fewer than five employees. By our arithmetic that is about 9.8 employees and $65,839 of payroll per employee on average, part-time and full-time counted together. In ZIP 45840, which reaches beyond the Findlay, OH city limits, 87 construction employer establishments had an address (ZIP Code Business Patterns 2023).
Nonemployer Statistics, a separate Census program, counted 531 construction businesses in the county with no paid employees in 2024, with $40.3 million in receipts. The two programs use different years and industry codes, so the counts are not added together. Within the trade, the county had 23 specialty trade contractors in NAICS 2389, 21 residential builders, 20 plumbing, heating and air-conditioning contractors, 9 electrical contractors and 9 nonresidential builders with payroll (CBP 2023).
Financing for Construction Equipment Around Findlay, OH
Skid steers, mini excavators, trailers, dump trucks, scaffolding and service vans are financed with the machine as collateral. A partner reads the dealer quote, the machine's age and hours, and how the business will use it. New and used machines both qualify for review; older units may get shorter terms.
Illustration only, invented figures: a contractor finances an $85,000 excavator over 60 months at an illustrative annual rate of 10 percent. By our arithmetic the payment is about $1,806 a month and total payments about $108,360. The equipment financing page explains loan and lease options.
What to Know About a Construction Line of Credit for a Contractor in Hancock County, OH
A trade contractor working under a general contractor waits on two payments: the owner pays the GC, then the GC pays the sub. A line of credit lets a sub buy materials for the next job while the last one is still being paid. Partners reading a sub's request look at the GC relationships: who the sub works for, how long they take to pay, and how much is held as retainage.
What to Know About a Builder Line of Credit in Hancock County, OH
Residential builders face a different gap: lot, permits and framing costs come before a sale or a construction draw. Hancock County, OH issued permits for 361 new housing units in 2025, up from 261 in 2024 and 143 in 2023 (U.S. Census Bureau, Building Permits Survey). A builder line can cover the costs between draws on a home under contract.
Lakerun does not arrange mortgages or land loans. Partner review covers the builder's company records; a spec home with no buyer reads differently from one under contract.
Construction Line of Credit in Findlay, OH
A construction line of credit is a revolving limit for the business, not a construction loan on a building. That difference matters: a construction loan funds one project and is paid off when the project closes, while a business line funds the company's repeating costs across many jobs. If the request is really about one building, say so on the first call.
General Contractor Line of Credit for Hancock County, OH Businesses
A general contractor carries the widest gap: subs, crews and suppliers all expect payment before the owner's draw clears. A GC line can bridge it, and the partner will read the GC's contracts, payment applications and aging list. Our article on a general contractor line of credit walks through a full draw cycle.
Findlay, OH Construction Business Line of Credit
- Contracts or purchase orders for current jobs
- An aging list of receivables and retainage held
- Latest statements for the business checking account
- A list of equipment owned and any liens on it
- Business tax returns, if the partner asks
A line is reviewed again at renewal. Keeping draws tied to jobs, and paying them down as draws clear, gives the partner a clean record to read the next time.
Illustration: one draw cycle on a commercial job
Illustration only, invented figures: a Findlay, OH contractor bills a $64,000 draw at month end. The owner pays in 30 days and holds 10% retainage, so $57,600 arrives and $6,400 waits until closeout. Over those 30 days the contractor pays $22,000 in wages and $19,000 in materials, or $41,000 in all by our sum. That $41,000 is the gap a line of credit or working capital would need to cover.
By Lakerun Commercial Capital · Updated