Construction Factoring Companies

Factoring for the Construction Industry - If you are in the construction industry, you know how up and down your cash flow can be. And with the current strains being placed on construction firms, the need to have working capital is even greater. The cash flow issues among construction companies is a common theme:

• When will the general contractor/developer submit a draw to the lending institution?
• Will the general contractor/developer dispute part of the invoice?
• Will I get paid in full, or will they pay the invoice short for unknown reasons?
• Did the check go out in the mail when they said it would?
• How long should I wait before filing a lien on the project?

These are all issues that can be solved through invoice factoring. With improved and steady cash flow, construction companies can take advantage of early pament discounts from material suppliers and cash discounts to subcontractors for quick payment. Invoice factoring can help any construction company with its cash flow problems and put it on more solid financial footing.