CONSTRUCTION FACTORING COMPANIES
Invoice Factoring for the Construction Industry
Construction companies and sub-contractors can access immediate financing for their next contract with invoice factoring. When your construction company waits 30-90 days to get paid from clients, you are left with few funds to run your business. Construction factoring companies can get you the money you need to keep things up and running—no more stress when it comes to covering payroll, bidding on contracts, purchasing supplies or paying other business expenses.
Get the Funding You Need for Your Next Project
We understand that factoring for construction companies can be complicated. Lien laws, paid when paid contracts and progress billing can make it hard to find the right factoring company for the job. That’s where we come in. We have numerous partnerships with factoring companies that specialize in the construction industry. These factors are equipped with the knowledge to overcome the roadblocks contractors and subcontractors face when applying for financing.
Construction Factoring Services
24 hours is all it takes to improve your cash flow. Whether you need financing to bid on a new contract or to finish up a current project, you can obtain immediate capital with invoice funding. Access funding when you need it the most.
Factoring construction receivables is a great way to maintain a stable cash flow during seasonal ups and downs.
- Less than perfect credit is OK
- Newly formed construction companies are OK
- Cover supply costs and equipment expenses
- Keep your employees paid on time
- Bid competitively on more lucrative projects
- Offer more generous payment terms to clients
Factoring for Subcontractors in Any Trade
We work with contractors and construction subcontractors in nearly every construction specialty.
- Drywall and Concrete
- Underground Utilities
Use Factoring for Construction Project Financing
Secure the financing you need to competitively bid on publicly and privately funded projects. The process is fairly easy once you’ve been approved. The construction factoring company buys your outstanding invoices and issues an advance between 70%-90% within 24 hours. The remaining portion is held in a reserve account until your client pays. The factoring company collects payment from your clients (payment is typically sent to a lockbox) and the amount in the reserve account is released back to you, minus a small factoring fee.
Not all factoring companies work with construction. Don’t waste time contacting factors that can’t help. Let us match you with the best construction funding company for your business today. Our referral service is at zero cost to you.
We know financing your business can be overwhelming, but it doesn’t have to be. Landing a large contract should be a time to celebrate, not panic. We know how to get your business funded. Let us match you with the best factoring company in minutes.