Progress Billing Factoring
Funding for Progress Billing Invoices
Progress Billing Factoring is a funding option to help subcontractors, contractors, and construction companies that bill on a progress billing schedule receive funding in phases as the project progresses to completion.
Construction companies, government vendors and contractors, manufacturers, and others who generate progress billing invoices find this funding ideal. Progress billing factoring is a financial option that is typically unavailable through banks or traditional factoring companies.
General Qualifications: Key Accounts
- Our client must perform the project work themselves with minimal outsourced help
- 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
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
Our team, part of an affiliate group of construction factoring professionals specializing in funding options for the construction industry, will closely collaborate with our clients to tailor a funding solution to meet their unique cash flow needs.
Get Started