Construction Factoring or Commercial Construction Loans
Are you looking for construction factoring or commercial construction loans? Then look no further! When a construction company gets a new project, it has to have money on hand to pay for the job. Expenses typically include raw materials, equipment and labor. This puts an obvious financial strain on many companies.
Work volumes are growing, but so are the piles of unpaid invoices. As a contractor or sub-contractor you are exposed to the types of risks that could put you out of business. Although prompt pay laws have been instituted in many states, they are not working. According to the Construction Financial Management Association it now takes specialty contractors an average of 66 days to collect on due invoices. Often a qualified construction company will have to pass on a job simply because it does not have the resources to fund the project. Commercial construction loans from a bank can be an option, but are rare and very hard to qualify for.
Watch a video about our Construction Factoring Services.
The Advantages of Construction Factoring
Construction factoring is an alternative to standard commercial construction loans and is a great way to grow your company. Factoring with CapitalPlus gets you money quickly for your invoices. It will make sure you can pay for materials and labor, and will let you compete for larger jobs that you did not think you could afford to take on. Just like with standard factoring, with construction factoring you can receive up to 80% of your invoice amount in advance. The balance is held in reserve until the invoice is paid. Historically the 80% advance is more than enough to cover all related expenses while still leaving your company with a good profit margin.
Why Use CapitalPlus for Your Construction or Commercial Construction Loans?
Entrepreneurs founded CapitalPus and we work with entrepreneurs like you every day. Because of our experience, we can recommend custom financial solutions that work for you. Many factoring companies refuse to offer construction factoring or commercial construction loans. Not us. We are committed to helping your company grow. At CapitalPlus, being in the construction industry does not keep you from getting the cash or commercial construction loans you need quickly and efficiently.
We Provide Solutions to Cash Flow Problems That Are Fast, Easy and Flexible.
When you work with CapitalPlus, you work with the decision makers every day. Our executives will ensure proposals are issued quickly, transactions are closed expeditiously and funds are in your hands as fast as possible.
We help make the construction factoring process easy. From the initial application process to daily funding arrangements, we keep the entire process simple to understand and simple to implement. Our customer service executives are experienced commercial finance professionals; they'll be able to provide fast answers and easy solutions when you need them.
At CapitalPlus, we rely on our clients-and we know that they rely on us. We specialize in construction factoring. While they have many options, our clients trust us to do what we say, and they know we have the capital necessary for them to be successful. We have the experience to provide the credit and collection expertise for them to be efficient and we have the management know-how to help them make smart financial decisions. Find out how CapitalPlus can help you with your construction factoring or commercial construction loans today!
Types of Business That Would Use Construction Invoice Factoring
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