Construction Factoring

Construction Invoice and Receivables Factoring and Financing

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Our construction invoice factoring services offer real solutions that can provide subcontractors and construction company suppliers with the needed funding when waiting for their customers to pay is not an option. We are part of an affiliate group of construction factoring professionals specializing in funding options for the construction industry.

GENERAL QUALIFICATIONS:

$200,000 (minimum funding)
12-month commitment ($2 million a year minimum)
No invoices where your customer is bonded
No invoices over 90 days old
No funding for projects with any portion on retention
No deals with less than $500k in eligible ARs
Our client must perform 75% of the project work themselves
Track record of profitable bidding and execution
Able to produce accurate financials and Work In Progress (WIP) reporting
Have a diversity of project sizes and lengths
Accounts Receivable must exceed Accounts Payable

ADDITIONALLY:

Account debtors must sign our simple estoppel letter
Must have a first position on all assets (or at minimum all AR)
Principal (s) must provide a validity guaranty
Principal(s) must have nothing in their personal credit or background considered significant by the underwriter (Mediocre credit may not be an issue)
Account debtors must be credit approved

REQUIRED ITEMS:

Most recent A/R Aging, Summary or Detailed (aged preferably by Invoice Date, not Due Date)
Copy of an Open Invoice from AR Aging with supporting documentation (PO, Contract, Vendor Agreement)
Most recent A/P Aging Summary
Copy of Principal(s) Driver’s License(s)
Copy of Certificate and Articles of Incorporation
Last 3 months of Operating Account Bank Statements
Any additional information you would like to provide to assist us in evaluating transactions for funding

Once we receive the information, we will forward it to our construction affiliate for review. You will then work with an assigned representative moving forward.

If you can’t meet any of the above requirements, we may still be able to refer you to another lender.

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