Build it with construction factoring
Obtaining capital can be tough for those in construction. Because it is a high risk, project-based business, many banks won’t offer to lend to builders, construction companies, contractors or others in the trades. Construction is a business with hefty expenses, including payroll, large equipment, materials, fees & permits, and more. As such, having sufficient cash flow and working capital on hand is necessary to complete one project phase and move to the next. That’s why many builders choose construction factoring as their financing option of choice over banks.
Accessible construction factoring
Construction invoice factoring companies are willing to take on the risk associated with the industry. Moreover, reputable construction factoring companies, those familiar with the industry nuances, understand the restrictions and limits put on construction companies. They are able to work with mechanics liens and other barriers to obtaining capital.
Newly launched businesses, subcontractors, and other small businesses can also qualify for funding via construction invoice factoring. There’s no minimum amount required to qualify for funding. In addition, construction factoring companies do not require your business to be “established.”
Get the gear you need with construction equipment financing
Construction equipment financing can be used to cover the cost to purchase or lease new equipment, machinery, materials and other expenses so you don’t have to put your project on hold while you wait for money owed to you. Without proper equipment, your project can take longer than planned to complete, which generally costs you more money in terms of labor.
Payroll is also a major expense for those in construction. Covering the paychecks of union carpenters, welders, and plumbers doesn’t come cheap. Construction factoring can allow your business to get on a regular cash flow cycle so you never have to be at risk of failing to meet payroll obligations.
How does construction invoice factoring work?
With construction factoring, you can collect on 70-92% of the value of your invoice in a matter of 2-3 days in most cases. To reduce your costs of construction factoring, choose the most recent invoice with the highest dollar value. Construction factoring companies collect the invoice on your behalf and as an added bonus, deal with the hassles and stress associated with collecting payment.
Learn More About Construction Factoring Companies:
- Why Choose Invoice Factoring?
- Is Invoice Factoring a Good Option for Your Business?
- A Complete Guide to Factoring
Search Our List to Find Construction Factoring Companies Near You:
Riviera Finance
1000 Mansell Exchange Building 300, Suite #340 Alpharetta, GA 30022
10320 Little Patuxent Pkwy Suite 200 Columbia, MD 21244
1925 18th Avenue NE Suite #115 Calgary, AB T2E 7T8
8307 University Executive Park Drive, Suite #250 Charlotte, NC 28262
17 W 415 Roosevelt Rd. Oakbrook Terrace, IL 60181
1333 Corporate Dr. Suite 117 Irving,TX 75063
8400 E. Prentice Ave. Suite 1500 Greenwood Village, CO 80111
11601 Pellicano Dr., Ste. B-5 El Paso, TX 79936
50 Harrison St. Suite #310-G Hoboken, NJ 07030
8410 N. Sam Houston Pkwy W Houston, TX 77064
3635 Quakerbridge Road Suite #4 Mercerville, NJ 08619
5870 SW 8th Street Suite # 6 Miami, FL 33144
3470 Washington Drive Suite #206 Eagan, MN 55122
3102 West End Ave. Suite 400 Nashville, TN 37203
4334 Northwest Expressway Suite 242 Oklahoma City, OK 73116
1 International Plaza Suite 550 Philadelphia, PA 19113
1029 H St. Suite 102 Sacramento, CA 95814
2025 Gateway Place Suite #370 San Jose, CA 95110
10430-1 Pioneer Blvd. Santa Fe Springs, CA 90670
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
2605 Enterprise Road East Suite #250 Clearwater, FL 33759
5780 Timberlea Blvd. Suite #103 Mississauga, ON L4W4W8
310 Airport Road Suite #500 Williston, ND 58801
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
800-872-7484
Factoring Solutions
Suite 304, 320 - 12th Ave NE Calgary, AB, Canada T2E 1A4
5462 South Perimeter Drive Kelowna, BC, Canada V1W 5C6
403-452-6227
Stonebridge Financial Services
330 Franklin Rd, Suite 135A-592, Brentwood, Tennessee, 37027
(615) 661-8245
eCapital Freight Factoring
10100 W. Charleston Blvd Suite 220, Las Vegas, Nevada, 89135
800.705.1500
CarrierNet Group Financial
500 W 10th St, Sioux Falls, SD 57104, USA, Sioux Falls, South Dakota, 57104
(877) 747-2807
ALLEGIANT BUSINESS FINANCE
600 university st.ste#2328 seattle, WA(Washington), Seattle, Washington, 98101
(866) 377-0800
Accord Financial Group
3500 Boul De Maisonneuve O Suite 1510 Montreal, QC H3Z 3C1, Canada
800-231-2977
Great Plains Transportation Services, Inc.
923 N State St, Fairmont, Minnesota, 56031
(800) 324-8214
Liquid Capital of South Texas
11703 Huebner Rd, San Antonio, TX 78230, San Antonio, Texas, 78230
210.587.7267
Merchant Factors
1441 Broadway, 22nd Floor New York, NY 10018
6750 North Andrew Ave, Suite 200 Fort Lauderdale FL 33309
(213) 347-0101
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
(800) 297-6652
Diversified Transportation Finance
3100 Pinebrook Rd. Suite 2200, Park City, UT, 84098
(801) 821-0355
Nationwide Transport Finance
2650 Lake Sahara Drive – Suite 200, Las Vegas, Nevada, 89117
(800) 624-3353
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
(212) 498-9756
Graystone Capital (now SVBusiness Capital)
900 E Hamilton Ave #100,, Campbell, CA, 95008
(888) 370-7779
Liquid Capital
5734 Yonge St. Suite 400 North York, ON M2M 4E7
5525 N MacArthur Blvd Ste 625 Irving, TX 55038
1-844-228-0800
Gibralter Business Capital
400 Skokie Blvd #375 Northbrook,, Northbrook, Illinois, 60062
(847) 272-9618
Universal Funding
16201 East Indiana Avenue Suite 2600, Spokane Valley, Washington, 99216
800.405.6035
