Commercial Roofing Financing Tips

Kathleen Maxwell

women in blue dress shirt using a calculator in with a binder and pen on a desk

Buying a new commercial roof or repairing an existing one can bring daunting expenses for any company. However, facility managers in need of a new roof or costly repairs can’t always wait around for money to appear in the budget. Maxwell Roofing & Sheet Metal, Inc. understands how challenging it can be to pay for a commercial roof, so we developed a few tips for preparing your company’s budget for different types of roofing needs.

Before we get into the best ways to pay for a new commercial roof or roof repair, it’s important to note that the best way to avoid costly repairs is through regular roof maintenance. Also, for tips on how to plan for routine repairs, check out our blog on how to budget with your commercial roof in mind.

If it’s too late to save your roof, or if you’re constructing a new building, there are many low-cost financing options to help pay for a new commercial roof or fund an unexpected repair. Here’s how financing can help support the big expense.

How Financing Your Roof Can Help Your Business

Financing is usually more of a necessity than a choice, but there are a number of ways financing a roof can benefit a business.

  1. Maintain Cash Flow—Instead of dedicating a huge chunk of an operational budget to a roof, financing can defray many of those initial costs and give facility managers more flexibility in the budget.
  2. Facilitate Budget Planning—Financing breaks down the entire cost of a commercial roof into simple monthly payments. These payments are predictable, enabling facility managers to factor them in well into the future.
  3. Upgrade Your Roof—Financing a commercial roofing project or repair gives companies the option of buying something better than they could otherwise afford. Upgrading to a higher quality roof could save money down the line in repairs and maintenance.
  4. Get What You Need Now—Financing helps companies get the roof or repair they need immediately rather than waiting for funds to become available. With financing, businesses get an immediate return on investment even before the roof is paid off.
  5. Get a Tax Deduction—In many cases, interest on loans can be written off as a business expense, lowering your taxes.

While financing a commercial roofing project can provide many benefits to a business, there are some cons. Here are the negatives to taking out a loan to pay for a roof:

  1. Down Payment—Many commercial roof loans require that the company come up with some sort of down payment. While this money will only be a fraction of the total cost of the roof or repair, it can still be a significant expense.
  2. Interest Payments—Like any business loan, financing a commercial roof will require the company to pay interest on the loan, making the project more expensive overall.
  3. Eliminates Early Payment Discounts—Financing may make a roof project ineligible for an early payment discount with some roofing companies.

How to Finance a Commercial Roof

Once you’ve weighed the pros and cons and decided to finance your roof project, it’s time to consider different types of financing. Here are just a few of the options:

  1. Financing through PACE—Some roofing projects may be eligible for financing through a property-assessed clean energy program, or PACE. PACE loans give commercial and residential building owners low monthly payments and options to defer payments on projects that improve building efficiency or add storm damage protection. These programs vary from state to state and may not be available to every customer.
  2. Bank Financing—The most common form of roof financing is through a bank or qualified lender. This type of financing is credit-based, and interest rates will differ from customer to customer.

Once you have financing secured, contact Maxwell Roofing & Sheet Metal, Inc. to get started on your commercial roof.


Search Resources

Popular Tags

2020 2020 commercial roof Accounts Payable Administrative Office Coordinator aerial roof moisture survey Alabama anchored article Anchored Client Spotlight Anchored Employee Spotlight apprenticeships architectural design asphalt Baker Twins Real Estate Brentwood Baptist Church Brian Mecomber budget Budgeting building maintenance building owners building temperatures built-up roofing BUR business owners CDC checklist checklist for business owners Chelsey Cole choosing a roof type Chris Vogl church roofing Claudette Patterson client spotlight client testimonial clogged drainage cold Colliers International commecial roofing commercial buildings commercial contractors commercial investment property Commercial Properties commercial real estate Commercial Roof commercial roof budget commercial roof budgeting commercial roof construction commercial roof inspection commercial roof maintenance commercial roof materials commercial roof problems Commercial Roof Replacement commercial roof value commercial roofing commercial roofing budget commercial roofing construction commercial roofing goals commercial roofing in Nashville Commercial Roofing Partner Commercial Roofing Preventative Maintenance commercial roofing strategy commercial roofing technology commercial roofing terminology commercial roofs common questions competitive benefits comprehensive roof assessments comprehensive roof maintenance condensation Connection Between Insulation & Commercial Roofing construction construction manager construction managers construction misconceptions construction safety Contractor Contractor Warranties contractors Controller cool roof cool roofing cool roofs coronavirus corporate buildings corporate roof cost savings costs COVID-19 customer service dan maxwell Design designer roofs develop talent Do's and Don't of Roof Installations documentation DOL draining system drains Drone Inspections drying durable materials Eco-Friendly Eco-Friendly Commercial Roofing Options eco-friendly roof Elevated roof moisture survey emergency helpline emergency repair employee appreciation employee spotlight employee training energy costs energy efficiency energy efficient tips energy savings energy-efficient roofing Ensworth School EPDM EPDM roofing estimates estimating estimator Ethylene Propylene Diene Monomer Fabrication facility managers fall checklist fall maintenance fall protection faqs Featured Article Featured Client Spotlight Featured Employee Featured Employee Spotlight federal buildings flashing flat roof forecasting full-service roofing Full-service roofing services general contractors government buildings Grease Traps Green Roof green roofing gutters heat damage hiring Horrell Company Huntsville Huntsville Commercial Roofing HVAC HVAC systems HVAC units ice ice damage impalement hazards improve performance industrial buildings industrial roofing industrial roofs Infrared Moisture Infrared Moisture Surveys inspection plan Inspections Installation Insulation insurance jackie sprout John Blue Realty John Maxwell Journey Design Group Kalen Canaday Leak Prevention Leaks licensing light-colored roofs long-term maintenance long-term roof management longevity of a roof low-slope commercial roof maintenance maintenance plan Manufacturer Warranties manufacturing Martha Walden Material Warranties Matt Matthews MAXCare Maxwell Monitors Maxwell Roofing Maxwell Roofing & Sheet Metal Maxwell Roofing Client Spotlight Maxwell Roofing employee maxwell roofing experience metal fabrication Metal Roof Metal Roofing Michael Cox moisture retention Nashville Nashville Commercial Roofing nashville roof recovery nashville roof recovery systems Nashville Roofing Nashville Roofing Partner nashville winter National Safety Month new construction Next Generation Net Lease ongoing learning opportunities ongoing roof maintenance open penetrations OSHA OSHA standards planning for emergencies ponding ponding water Preparing for winter prevent a roofing emergency prevent seasonal damage preventative maintenance pricing proactive maintenance project manager prolong roof life property management PVC PVC membranes PVC roofing qualified roof technician Quality Ray Ferguson RCP Companies recovery systems recruitment Recycled or Biodegradable Roof Material regular inspections reliability Reputation Risk Management roof assessments roof budget roof cleaning roof coatings roof construction roof curbs roof damage roof debris removal roof diffusers Roof Drain Debris Removal roof holes roof inspections Roof Installation Roof installation tips roof investment roof leak repairs Roof leaks roof life expectancy Roof Maintenance roof management roof materials roof performance roof preventative maintenance roof repair roof replacement roof replacements roof safety roof weatherproofing Roofers Coffee Shop Roofing roofing budget roofing care roofing cleaning Roofing Company roofing contractor roofing costs roofing employees roofing goals roofing industry roofing maintenance roofing materials roofing membrane roofing mistakes Roofing Partner roofing problems Roofing Products roofing questions roofing sales Roofing Specialists roofing trends rooftop bar rooftop deck rooftop features Rooftop grease traps Rooftop moisture survey rooftop patio rooftop penetrations rooftop safety safe construction Safety Samples Properties school roof construction school roofing safety school safety seasonal maintenance service account manager service and repair Service Superintendent services sheet metal sheet metal fabrication singly ply roofing systems skylights Skyline Replacement Skyline Replacement Tips sloped commercial roof snow Solar Panels solar roof Spray Polyurethane Foam spring maintenance state buildings Stephen Marbach Summer Heat summer kick-off party summer maintenance sun damage surface hazards temperature control The EDGE estimating software thermal proofing Thermoplastic Polyolefin Tips for Commercial Roofing top talent TPO membranes training types of roofing Under-roof moisture survey warehouse roof replacement warranties Warranty waterproofing weather damage white reflective roofs White Roof white roofs wind resistance winter maintenance winter weather winterizing roof

What Do Our Customers Have to Say?


Read Our Reviews