Get Paid Sooner with Construction Factoring
Factoring construction invoices can get you the funding you need! Whether you are growing astronomically, struggling with payroll, or having trouble taking on bigger, more lucrative jobs, our network of construction factoring companies can help you!
Funding for construction projects can be tough to find. The small business lending market remains tight and often leaves construction companies without options for funding. Contractors, subcontractors, suppliers, and small or large corporations can benefit from construction factoring! Bank loans can be difficult to obtain. Businesses must fill out complicated paperwork and endure rigorous credit and background checks. If the bank approves your construction loan, there is no guarantee that you will get the right amount of cash for your business. Additionally, you will be stuck with a loan that you have to pay back. Factoring is not a loan – it’s a cash advance on your outstanding receivables. It’s simply a way to get paid sooner.
We work with a variety of factoring companies worldwide, and, once we get to know your company, we match you up with the construction factoring company that can best serve your needs. The companies with which we work are credible, knowledgeable, and experienced in the construction field.
How Does Construction Factoring Work?
A factoring company buys your open invoices & advances you the cash, minus a small percentage. 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.
Construction Factoring is a Flexible Financing Option
- No credit check for your company
- Fast financing — You can receive funding
in 24 hours or less
- No loan to repay
- No hidden factoring fees
- Highest advance rates in the industry
- You get to choose which invoices you factor
- No minimums
- No long-term contracts
Apply Online Today!
Get a free quote @ 855-322-8671
Funding for Contractors and Subcontractors
Factor Finders works with a variety of companies throughout the construction industry:
- Security firms
- General contractors
- Steel Fabricators
- Underground Utilities
- Electrical contractors
- Supply Houses
Don’t see your niche listed here? No worries. Give us a call and we will take care of the rest.