Construction Factoring For Subcontractors

Two of the greatest financial challenges for construction subcontractors are meeting payroll and paying suppliers. Paying these two critical expenses is often very difficult for two reasons. First, most subcontractors run very lean operations and don’t have large financial reserves. And second, most general contractors (GCs) and commercial clients pay their progress payment invoices in […]

How to Finance a Roofing Company

One of the greatest challenges of running a roofing company is that most commercial clients and general contractors pay their invoices in 30 to 60 days. This delay can be a problem for roofers, since many can’t afford to wait up to eight weeks for payment. Most roofing companies don’t have a cash reserve or […]

Financing For Construction Companies

Finding financing has always been a challenge for construction subcontractors. Most banks and financial institutions are not comfortable with the industry and only finance large companies. Unfortunately, small construction companies have the same financing needs as their larger counterparts. They need financing to pay for: Salaries Office expenses Equipment Rent Other expenses In this article […]

Progress Payments Financing For Construction Subcontractors

Only a few companies specialize in construction factoring. One reason that factoring companies avoid construction subcontractors is that progress payments are common in the construction industry. Financing progress payments can be complicated and risky, at least from the finance company’s perspective. As a result, few factoring companies specialize in construction. Although commercial clients also use […]

How To Select The Best Construction Factoring Company

The market has many factoring providers; however, only a few companies actually specialize in construction factoring. This shortage can make the process of selecting the right factoring company very difficult. Some companies don’t factor construction opportunities at all. Others will tell you that they work with construction opportunities but then reject your application at the last […]

Invoice Factoring For Landscaping Companies

One of the biggest challenges for a landscaping company, especially one that does commercial work, is that clients often pay on credit terms. Large office buildings, apartment complexes, commercial clients, and hotels often demand the option to pay invoices in 30 to 60 days as a condition doing business. As a commercial landscaper, you don’t have a […]

Invoice Financing For Underground Utility-Locating Companies

One of the challenges of working with general contractors, utility companies, and commercial clients is that they often pay their invoices in 30 to 60 days. They can be great clients because they provide steady and reliable work. However, this value comes at a cost: slow payments. Slow payments can be a problem for small […]

Factoring Financing For Lumber Distributors

One of the challenges of providing lumber to general contractors and construction companies is that you often need to provide them with payment terms. Most construction projects have payment schedules based on completion and other criteria, and GCs often have to abide by them. As a result, you get paid after they get paid. Unfortunately, […]

Financing For Utility Construction Companies

Working with utility companies can be very profitable. Most utility companies have excellent credit ratings, pay on time, and make for great long-term clients. However, there is one catch: most utility companies negotiate vendor contracts which allow them to pay an invoice in up to 60 days. Consequently, your utility construction company must have enough money […]

Financing a Directional Boring / Directional Drilling Company

Managing the cash flow of a directional boring (or directional drilling) company can be challenging. Like most construction-related companies, they face the usual dilemma of having to pay expenses quickly but having to wait up to 60 days to get paid. This payment delay can cause cash flow problems, leaving the drilling company unable to meet […]