Quillhaven Financial in Huntington, West Virginia passes funding requests from Cabell County builders and remodelers to funding partners. This page covers draws, crew equipment, specialty lenders, bonds and materials, county construction counts and an invented remodel carried to its final draw.
At a glance
- Construction employers
Construction, Cabell County, WV: 158 employer establishments (CBP 2023)
- Residential builders
Residential building construction, Cabell County, WV: 39 employer establishments, 23 of them residential remodelers (CBP 2023)
- Housing permits
New housing units authorized, Cabell County, WV: 71 in 2025 (Building Permits Survey)
Contractor Business Loans for Tri-State Remodelers Between Draws
A remodeling job pays in stages: a deposit, progress draws and a final payment after the punch list. The crew's costs do not follow the same calendar. Materials are bought at the start, wages are paid every week, and the final draw can wait on an inspection or a homeowner walk-through.
A line of credit fits that pattern because it is drawn when a job needs cash and repaid when a draw arrives. A crew running two or three jobs at once uses it like a buffer between jobs. Jobs across the river in Ohio or Kentucky follow those states' permit offices and licensing, so a partner may ask where the work is.
A partner looking at a contractor's line reads contracts, draw schedules, bank statements and, for larger crews, a work-in-progress schedule showing what has been billed and what remains.
Construction Equipment Financing for a Huntington, WV Crew
Crews finance skid steers, mini excavators, trailers, compact track loaders, scaffolding, and work trucks. Equipment with a strong used market holds value as collateral, which helps a request, and terms often run with the useful life of the machine.
Buying used is common, and partners may set a shorter term or ask for an inspection on older machines. A crew comparing a dealer program with a loan should look at the total cost and at what happens if the machine is sold before the loan is paid. The equipment page has a worked example of a financed quote.
Financing Companies for Contractors Next to a Cabell County, WV Bank
Contractors can borrow from banks, credit unions, equipment finance companies, invoice factoring firms and specialty lenders that understand draws and retainage. A bank may offer a lower cost to a contractor with a long history and clean financials; a specialty lender may accept a thinner history or a seasonal pattern at a higher cost.
Factoring is different from a loan: a factoring company buys the contractor's invoices at a discount and collects from the customer. It can help a commercial subcontractor waiting on a general contractor, but its cost should be converted to dollars and compared with a line before signing.
Whichever source, the partner wants to see that the contractor is registered and licensed where the work is done.
Bid Bonds, Materials and Payroll: Where a Remodeler Needs Cash First
Some public and commercial jobs require bid, performance or payment bonds from a surety. A surety looks at the contractor's finances in a similar way to a lender, and a line of credit can strengthen the picture by showing available working capital.
Materials are usually the first big cost on a job, ahead of the deposit in some cases. Payroll comes every week. Equipment rental or purchase comes when the job needs it. A remodeler planning a request should list those costs by week against the expected draws, so the size of the gap is clear.
In West Virginia, the Contractor Licensing Act defines a contractor by job size: $5,000 or more for residential work or $25,000 or more for commercial work (W. Va. Code §30-42-3, read October 2026). The WV contractor license guide covers the license and how a partner checks it.
Cabell County, WV Construction Counts and Housing Permit Figures
County Business Patterns counted 158 construction employers in Cabell County, WV in 2023, with 2,089 paid employees and an annual payroll of about $147.7 million; 48.7% had fewer than five employees. Residential building construction accounted for 39 establishments, 23 of them residential remodelers, and building equipment contractors for 45, including 27 plumbing, heating and air-conditioning contractors and 17 electrical contractors.
The Building Permits Survey counted 71 new housing units authorized in Cabell County, WV in 2025, in 55 buildings, with a total permit valuation of about $14.6 million: 41 single-unit, 24 in two-unit buildings and 6 in three- and four-unit buildings. The county counted 84 units in 2023 and 79 in 2024.
Nonemployer Statistics counted 406 construction businesses without paid employees in the county in 2024, a separate program from the employer count.
An Invented Kitchen-Remodel Job Carried From Deposit to Final Draw
Illustration only, invented figures: a Huntington, WV remodeler signs a $48,000 kitchen remodel and collects a 30% deposit of $14,400. In the first two weeks of this invented job it buys $19,500 of cabinets, counters and fixtures and pays $11,200 in wages and subcontractor labor.
Costs of $30,700 against a deposit of $14,400 leave a gap of $16,300 (our arithmetic) until the first progress draw. If the crew draws that amount on a line and repays it from the draw, it pays interest only for the weeks the balance is out. The final draw then covers the remaining labor and the profit.
If the homeowner's inspection slips by two weeks, the line stays drawn for two weeks longer, which is the kind of variation a line absorbs better than a fixed loan. These figures are not an offer.
By Quillhaven Financial · Updated
