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Construction Factoring

"Maintaining a possitive cash flow for a healthy business"

One of the most common challenges a business in the construction field faces is maintaining a possitive cash flow. Most General Contractors and Sub Contractors businesses are subject to the infamous progress payments, meaning they generally do not begin to receive payments until 30, 60 or even 90 days into the project. By factoring you can recieve payments on these progress payments in as little as 24 hr after you acct is set up. This means cash for you for payroll, supplies, taxes and regurlar daily expenses.

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The answer to the inevitable cash crunch is factoring, which is quickly becoming the alternative financing method of choice throughout the construction industry. When your banker says NO we say YES to all your constuction funding and capital needs ! Once you are set up we typicaly can have cash wired to your business acct within 24hrs.

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Call us today to see how we can help your business grow by offering you one of the most efficient financial products in the market place today. Let us remove the financial stresses of your everyday business. Call Us today

 

Factoring

What is Factoring and is right for the growth of my business?

Factoring means selling your accounts receivables - whether they're invoices,progress billings, requisitions or AIA's -- to a finance company (known as a factor) for a small discount.

The factor actually buys one or more of the business's invoices, advancing cash to the business - typically at, 70%-80%.

Once the invoice or invoices are paid, the factor will rebate the balance of the invoices less the factors small fee. The factors fee is based on a typical 30 day invoice. If the invoice ages longer than 30 days an additional 1%-2% may be deducted from the final balace due.

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or Start your application Here

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Benefits

Advantages of Factoring?

Speed

A business that finds itself in a cash crunch may receive its funding in as little as 24 hours.

No Monthly Payments.

Never Take out a loan again. Since the business does not actually borrow any money, it makes no monthly payments this is called off balance sheet finacing.

Continuous Cash Flow.

Factoring provides a business with cash whenever it is needed.

Relies on the Financial Strength of Customers.

Factoring provides funding based on the financial strength of a business's customers, not on the business's own financial strength.

Stimulating Growth Opportunities Factoring offers businesses the chance to grow by providing them with access to funds they can use to bid on other jobs, get new customers, go into new markets, and increase their market reach or share.

Accessible to Unbankable Businesses

Any business with accounts receivable can qualify for funding through factoring.

Start your Applicatioin Here

 

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