Cash Flow for Construction Companies
Do you do construction work for general contractors or commercial clients? Construction subcontractors usually have to wait 30 to 60 days to get paid for their progress draws or invoices. In the meantime, you still have to cover office, employee and supplier expenses. What can you do? Look to Construction Factoring for Subcontractors.
Our construction factoring financing program can advance funds against your draw requests and progress pay invoices, providing funds to pay employees and suppliers. As opposed to other types of financing, construction receivables factoring is easy to get and can be set up in days.
The most important requirement to qualify is that you do business with reliable general contractors or commercial clients.
Do You Qualify for Subcontractor Construction Factoring?
- You must do business with general contractors or commercial clients
- Your client or GC must be a reliable payer
- Your business must invoice a minimum of $30,000 per month (there is flexibility in this area)
- The company must not have a performance bond for the invoices you wish to factor with us
With extensive experience providing factoring services to general contractors and subcontractors, Construction Factoring has helped all the trades such as:
- Asphalt & Paving
- Directional Drilling
- Excavation and Hauling
- Framing & Sheetrock
- Interior Finish
- High Voltage & Low Voltage
- Structural Steel
- Underground Utilities
We know the construction business and can help you navigate some of its challenges including a basic understanding of lien laws in your state as well as getting the lien releases for you.