Financing for Temp and Permanent Labor Employment
Lien rights, draw requests, AIA contracts, pay when paid contracts, retainage, change orders, charge-backs? You deserve a construction staffing financing company who understands the culture and pitfalls of the construction industry. Since 1998, we have been meeting the special needs of contractor staffing agencies and companies to both commercial and government clients.
The construction industry employs millions of people in the US. It’s also an industry that has been experiencing severe labor shortages, resulting in companies delaying projects and even forcing them to turn down work. Construction company’s labor needs and working with the right staffing agency has never been more essential.
For construction staffing companies meeting payroll is one of the biggest challenges. Employees need to be paid immediately (often weekly) with client payments not coming for 40 to 60 days. This process can be agonizingly slow and can affect your company’s cash flow, thus creating payroll and other business capital problems. The solution – finance your construction receivables with a construction factoring company.
What are the Advantages of Construction Staffing Factoring?
- Choose Maximum or Spot Liquidity
- Quick turnaround times
- Payroll Financing
- 90%+ Advance Rates Available
- IRS issues and liens can often be a non-factor
- We can take the Credit Risk!
- We love Startups
Who is Construction Staffing Invoice Factoring for?
- Startups, Turndowns, Exiting or underperforming Banking Relationships
- Staffing Companies looking for Competitive Finance Rates
- Fast Growing Staffing Companies with sales of $30,000+ per month
- Companies Looking to Receiving Funds Quickly
- Personal Credit of Owner is not an issue
We fund draw requests and construction invoices for all types of construction labor and employment, including:
- Concrete Technician Jobs
- Project Engineers
- Project Managers
- General Contractors
- Geotechnical Engineers
- Heavy Equipment Operators
- Land Development Engineers
- Trade Contractors