Factoring for Construction Companies and Contractors


Being a contractor in today's environment is extremely difficult. Banks are not lending and contractors are reliant on their customers to pay their invoices in a timely manner, which most of the time means 30-60-90 days. All the while you’re expected to make payroll, pay vendors and try to grow your business. This is impossible without access to working capital which factoring for construction companies and contractors supplies. If a bank won't lend you the money you have got to either: Turn down jobs Find jobs where General Contractors/owners pay promptly, which aren’t abundant because most contracts are “paid-when-paid” Find an [...]