Construction Factoring

September 16, 2022

Phil Cohen

Get Paid Sooner with Construction Factoring

Factoring construction invoices can get you the funding you need! Whether you are rapidly growing, struggling with payroll expenses, or having trouble taking on bigger contracts, construction invoice factoring can help.

Invoice Factoring for Construction Projects

Construction companies face lots of upfront expenses. If you’re waiting 30, 45, 60+ days to be paid for a projector service, covering payroll and paying for supplies, equipment and materials can be a challenge. For a small or expanding subcontractor (or contractor) without enough cash reserves, financing project costs can feel like an impossible task.

If your construction firm would like to get paid faster for finished stages of a project or a completed project, accounts receivable factoring is a fantastic short-term solution. Contractors, subcontractors, suppliers, and small or large construction companies benefit from factoring.

We work with a variety of factoring companies for the construction industry and work to quickly match you up with a construction factoring program that can best fit your requirements. The companies we partner with are credible, knowledgeable, and specialize in the construction field – which means they are comfortable with progress billing and pay-when-paid contracts.

Construction factoring rates at industry-lows
No long-term contract is required
Same-day funding

Request Your Quote

How Does Construction Factoring Work?

A factoring company buys your open invoices & advances you the cash, minus a small percentage. The cost of factoring varies depending on the industry you operate in. In most cases, you’ll receive a cash advance in less than 24 hours. The customer pays the invoice amount to the factoring company at the terms you previously agreed upon. Once paid in full, the discounted amount is returned, less a minimal factoring fee for services provided.