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

Getting financing has always been a challenge for construction subcontractors. Most banks and financial institutions are not comfortable with the industry and work only with larger companies. This barrier leaves subcontractors without many options if they need financing to help pay for expenses such as salaries, equipment, rent, suppliers, and mobilization. In this article, we […]

Progress Payments Financing for Construction Subcontractors

Construction subcontractors often encounter cash flow problems while waiting for a client’s payment. This situation happens because most commercial clients and general contractors pay their invoices in 30 to 60 days. However, as a subcontractor, you have expenses you must pay right away. One way to solve this problem is to finance your invoices from […]

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/drilling company can be challenging. Like most companies in construction, they face a typical cash flow dilemma. They have to pay expenses quickly but have to wait up to 60 days to get paid. This situation can leave the company with a cash flow shortfall, unable to meet […]

Why Can’t Construction Factoring Companies Factor Retainage Payments?

Most construction subcontractors are familiar with the concept of retainage. Basically, their general contractor (GC) withholds part of the payment (generally 10% to 20%) until the end of the project. This practice helps ensure that the subcontractor has an incentive to complete the job. The obvious problem for the subcontractor is that a big portion of their […]