WHAT IS CONSTRUCTION FACTORING?
Construction factoring is an advance against open invoices and not a loan. Once you pledge your accounts receivable to a factor, you will receive an advance of up to 80% of the invoice in cash. The factor we'll return the remaining balance less fees and interest as the receivables are collected. Many contractors rely on construction factoring to bridge the gap between performing their job and receiving payments on invoices. In order to take on multiple jobs at once and cover recurring expenses (ie. meeting payroll, purchasing supplies, negotiating contracts with suppliers, investing in company growth) contractors often utilize factoring to keep the cash flow they need consistent.
Construction factors play an extremely important role by making sure that contractors have sufficient cash flow to keep short term expenses covered and take on other projects simultaneously. Construction Factoring is a great way for contractors to receive the working capital they need to cover short term expenses, take on multiple projects at once, and accelerate company growth.
At Green Capital Funding, LLC we work with a large network of factors that want to invest in the success of your business. We will develop a strategic partnership with your business and find you the most competitive rates and terms. At Green Capital Funding, LLC We work with many well-capitalized lenders that are aggressively lending. Many of our clients, companies just like yours, can receive the working capital they need even in today's hard economic times. Turn your future sales into cash NOW, and gain the working capital and the peace of mind your company needs to succeed. Get a Free Quote Today from Green Capital Funding, LLC.
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