This program is designed for subcontractors in the construction industry who perform work for general contractors or businesses with good credit. It can also be used by contractors whose business customer or client has good credit. This program allows subcontractors and contractors to acquire working capital from invoices they have submitted for completed work.  Working capital acquired in this way can be used to pay employees,  buy materials for another project, take advantage of cash or quantity discounts for materials, make tax withholding payments, or buy equipment.

Contractors should consider using this program if slow payment from your general contractors or business customer is preventing your company from taking advantage of new business, or is just making it difficult for you to stay in business. With this program you can concentrate on growing your business rather than worrying about when you are going to get paid for the work you have already done. Once your account is set up, you can get an advance of up to 70% for completed work in as little as 24 to 48 hours. Compare this with weeks you would normally wait to get paid.

The types of subcontractors that can take advantage of this program include but are not limited to the following.

• carpenters
• paving
• flooring and carpet
• plumbing
• roofing
• underground utilities
• electrical
• tile
• inspectors
• steel fabricators
• landscapers
• excavators
• ceiling and drywall
• engineers
• architects  
• security
• fire sprinkler
• supply houses
• appraisers  

Advantages of this program:

• does not create new debt  
• no long term contracts to sign
• improves availability of working capital
• allows subcontractor to take additional jobs because of additional capital
• does not depend on subcontractor’s credit rating  
• fast and easy
• limited only by ability of the subcontractor to generate new invoices for work done
• allows credit terms to be offered to clients or customers
• improve your credit rating by paying your bills sooner
• may allow access to cash or volume discounts for materials
• does not give up equity interest in the subcontractor’s or contractor's company
• no personal guarantees required 
• assistance with collections & credit reports on prospective customers and continuous monitoring of the credit status of existing customers
• invoices can be presented for advance part way through the payment cycle to reduce the fees (e.g. submit an invoice that normally would be paid in 90 days at day 50 in order to cut the fees in half)

Cash flow can make you of kill you in the contracting business. If you are in the contracting business and are having cash flow problems, factoring could be the answer to your cash flow problem.

Learn Accounts Receivables Factoring | Learn How Accounts Receivables Factoring Works