Construction Factoring

Construction Factoring Program Details

Construction factoring is ideal for specialty trade contractors, including electricians, plumbers, HVAC contractors, and general contractors self-performing demolition, drywall, and other structural construction. We provide financing solutions to sub-contractors who are working on commercial or government projects that need working capital for materials and labor.

Programs are available on a job-by-job basis for occasional working capital needs or full ledger financing for companies that need consistent working capital to fund payroll and keep suppliers current.

• Facility sizes from $50,000 to $25,000,000
• Advance rates up to 80%
• Rates starting at 1.5% a month
• Supports credit terms up to 90 days
• Flexible programs that allow you to factor the applications for payment you want funding on

Construction Factoring For Bonded Jobs Or Work

Construction factoring is primarily used for contractors working on government jobs requiring a bond and taking a senior position on the accounts receivable. Our program works with the surety and provides payables and cost management services to ensure your projects stay on track.

• Facility sizes from $1,000,000 to $25,000,000
• Advance rates up to 80%
• Rates starting at 1% a month
• Supports credit terms up to 120 days
• Payables management, lien release control, and bond issuance

Materials Purchase Facility

For contractors who need working capital for materials before they can invoice the owner or general contractor, we pay your suppliers to have the goods delivered to the job site to get the project started and avoid costly delays.

• Facility sizes from $5000 to $2,500,000
• Fund 100% of the cost of goods or up to 40% of the total project costs
• One time purchase fee of 2.5% plus interest until funds are paid back
• Repayment options up to 120 days
• No early payment penalties
• Programs available for suppliers who want to offer credit to their contractors