Construction Factoring Solutions for Your Cash Flow Needs

Invoice Factoring for the Construction Industry 

Construction factoring can help your company grow and give you peace of mind to compete for larger contracts by turning your outstanding invoices into immediate working capital. At Factor Finders, we work with all sizes and types of contractors and subcontractors. From newly formed companies to industry veterans, we help all kinds of construction companies get the instant cash they need – thanks to our trusted network of factoring companies.

How Construction Invoice Factoring Works 

Construction financial factors can be stressful. Construction factoring removes that stress by turning your outstanding invoices into immediate working capital. Factoring provides the funds you need to cover expenses, such as employee payroll, upfront costs and equipment purchases. You can receive cash in as little as 24 hours with no long-term contracts, no hidden fees and unlimited funding potential.

With construction factoring, a construction factoring company purchases your open invoices at a discount. In exchange, they will advance you a payment around 70-80% of the invoice in cash. After the invoices have been purchased, the factoring company assumes responsibility for billing your customers based on the rates and terms you have set. The factor will collect payments and then return the remaining balance to you, minus a small factoring fee.

Unlike traditional loans, construction factoring is a debt-free way to access funds, and it does not take your credit history or age of your company into account. Even if your company has bad credit or no credit, construction factoring is an ideal financing option for companies that want flexible, reliable cash flow to grow and succeed.