Construction Factoring
Factor Finders uses its experience to solve issues or problems with cash flow for construction companies. Small start-ups and commercial businesses suffering from cash flow problems caused by slow-paying customers grow through our financial services.
Construction receivables factoring allows firms to acquire money to cover payroll, balance out jobs that use up all available cash, get larger jobs, and pay vendors early to get discounts.
Factor Finders advances money so that firms can continue to offer great credit terms between 30 and 60 days. Managers can then work to negotiate for better deals on supplies and materials, which can help to cover the cost of factoring fees or discounts.
Construction factoring is often richer with incentives than going the traditional bank loan route. The most important point is that factoring decisions are based on the business’ customers credit strength, instead of the credit strength or history of the business. Traditionally, banks analyze a businessperson's tangible assets and credit history. Factoring creates more credit with new receivables, which in turn creates almost unlimited credit limits for a business.
Funding for construction managers creates mutually beneficial results for the contractors supplying products or services along with entities ordering them. The vendor can take on new and bigger opportunities while the buyer expands its vendor diversity.
Construction Factoring Specialties
Factor Finders helps companies continue to grow through Commercial Construction factoring programs. Specialized and individual funding is available for federal, state and local government agency contracts. The construction financing works well for companies seeking locally or minority owned vendors.
Commercial general and sub-contractor funding is available for construction operations including:
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Contract/Construction Factoring Program
Our unique construction invoice factoring means that, even before the work is finished, customers receive 10 to 15% percent of the contract value. Then, the balance of the contract is delivered when the service is completed and invoice accepted.
Accounts Receivable Financing
For vendors who need to create revenue, improve relationships with their creditors or increase business, factoring provides extra working capital to do just that. All it takes to get access to fast cash is vendors selling their invoices at a discount.
Purchase Order Financing
Ideal candidates for purchase order financing are those involved in distribution, manufacturing, importing, and exporting. This kind of help allows these vendors to buy the items or goods they need to sell.
Equipment Financing
Factor Finders generates solutions to best help you and one example is backing equipment purchase so businesses retain as much working capital as possible. Business who qualify typically need $25,000 to $1 million.
We help contractors of any size to get the cash they need, whether they have poor or little credit history, have declared bankruptcy, are under-capitalized, or even if they have tax liens.
- Factoring Countries:
- America
- Canada
- United Kingdom
