General contractor that will use 203k loan

[Donald N.]

Why is it hard to find a contractor that will used 203k loans? If your a contractor that do in Chicago let me know I'm looking for One.

[William Sing]

Hey Donald! The main reason 203k loans are difficult for contractors is that the contractors usually have to deal with a lot of paperwork and the contractor usually needs to dip into their own funds initially to get the project going and needs to have enough working capital to make the project move. There are not a lot out there. Even in Portland, we have only a 2-3 good ones. 

Check out this website to find some more in your area or areas around you! https://203kcontractors.com/co...