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:
American Prudential Capital, Inc.
16303 State Highway 249, Houston, TX 77064, USA
1508 Plaza Encantada NW, Albuquerque, New Mexico, 87107
Blue Ridge Factors
4120 Airport RD Unit B, Hillsville, Virginia, 24343
Business Factors & Finance, Inc.
220 Ave I , Redondo Beach, California, 90277
2510 Solway Road,, Knoxville, Tennessee, 37931
Carolina Piedmont Capital, Inc.
5540 Centerview Drive, Ste 200, Raleigh, NC, 27606
P.O. Box 116, Manchester, Connecticut, 06045
10800 Lyndale Ave S Suite 365, Bloomington, Minnesota, 55420
Diversified Transportation Finance
3100 Pinebrook Rd. Suite 2200, Park City, UT, 84098
Drake Finance Group
5201 Blue Lagoon Drive, Miami, Florida, 33126
650 5th Ave, 24th Floor, New York, New York, 10019
Eagle Capital Corporation
2605 Old Belden Circle, Tupelo, Mississippi, 38801
5323 Millenia Lakes Blvd #355, Orlando, Florida, 32839
1450 Bickell Ave. Suite 2660, Miami, Florida, 33131
1600 Expressway Plaza, Hauppauge, New York, 11788
Suite 304, 320 - 12th Ave NE Calgary, AB, Canada T2E 1A4
5462 South Perimeter Drive Kelowna, BC, Canada V1W 5C6
Firmco Business Funding
4700 South State Street, Salt Lake City, Utah, 84107
Gateway Commercial Finance
340 SE 1st Street, Delray Beach, Florida, 33483
2751 Hennepin Ave, Minneapolis, Minnesota, 55408
250 Yonge St #2201, Toronto, ON,
Interface Financial Group
111 Woodstone Place, Dawsoville, Georgia, 30534
12747 Biscayne Blvd, Miami, Florida, 33181
187 W Broad St, Spartanburg, South Carolina, 29306
North Mill Capital
5401 Gamble Drive Suite 200, Minneapolis, Minnesota, 55416
400 Kelby St 10th floor, Fort Lee, NJ 07024
Quasar Capital Partners LLC
9330 LBJ Frwy. Suite 943B, Dallas, Texas, 75243
Red Door Capital Group
3104 North Armenia Ave Suite 2, Tampa, FL, 33607
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
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
Southwest Trade Services LLC
20 Pacifica, Suite 360, Irvine, California, 92618
Sterling Commercial Credit
10559 Citation Drive Suite 204, Brighton, Michigan, 48116
Transfac Capital Inc.
257 East 200 South, Suite 350, Salt Lake City, Utah, 84111
8750 N. Central Expressway | Suite 900 LB 9, Dallas, Texas, 75231