You can solve the cash flow problems created by slow-paying government invoices by using financing. We pay your suppliers to have the goods delivered to the job site to get the project started and avoid costly delays. Receivables factoring accelerates your cash flow. START YOUR ONLINE APPLICATION NOW OR CALL +1 (561) 948-0769 MATERIALS PURCHASE FACILITYįor contractors that need working capital for materials before they can invoice the owner or general contractor. The process of government contract factoring is the same as the factoring in many other industries. Payables management, lien release control, and bond issuance.Our program works in conjunction with the surety and provides payables and cost management services to ensure your projects stay on track. Primarily used for contractors doing work on government jobs where a bond is required and takes a senior position on the accounts receivable. The factoring company collects the outstanding invoice from the government. The advance can be as much as 90 of the invoice, less the factoring fees which can run anywhere from 2 to 5 depending on several factors. START YOUR ONLINE APPLICATION NOW OR CALL +1 (561) 948-0769 CONSTRUCTION FACTORING FOR BONDED JOBS OR WORK Government contract invoice factoring works for virtually any industry from staffing, technology, agriculture, trucking, IT, and wholesalers. A government factoring company will step in and buy the receivables for an upfront cash advance. Flexible programs that allow you to factor the applications for payment you want funding on Factoring your transportation invoices is a quick and easy process that comes with many benefits.Programs available on a job by job basis for occasional working capital needs or full ledger financing for companies that need consistent working capital to fund payroll and keep suppliers current. ![]() ![]() We provide financing solutions to sub-contractors who are working on commercial or government projects that need working capital for materials and labor. Construction factoring is ideal for specialty trade contractors including electricians, plumbers, HVAC contractors, and general contractors self-performing demolition, drywall, and other structural construction.
0 Comments
Leave a Reply. |