CONTRACTORS & SUB-CONTRACTORS

WORKING CAPITAL for Commercial Construction

Contractors and Sub-Contractors:

Electrical, Street Lighting, Road Work, Roofing, Foundations, Windows, Concrete, Haz mat, Oil spills, Building Developments, Gov. contracted jobs, Energy, Water pipelines, Freeway repair, Bridge, Geo thermal, etc…

 

The Funding Corporation specializes in Commercial Construction and all other receivable financing! We fund Contractors and “Sub-Contractors nationwide and are well aware of the challenges and red tapes that goes along with it. Progress payments, “paid when paid”, bonding, unions, merchandise liens, certified payroll, poor credit… NO PROBLEM!

With over 35 years experience as di­rect lenders, we have seen it all! We work with both Federal and Local Tax­ing Authorities, SBA Lenders and Banks.

  • No Personal Guarantees!
  • No Tax Returns!
  • No Personal Credit Checks!
  • No Closing Costs!

 

EASY QUALIFY PROGRAM FUNDING PROPOSALS ISSUED WITH IN 24 HOURS UPON RECEIPT OF:

 

  • Name
  • Address
  • Phone number
  • Articles of Incorporation
  • Accounts Payable Aging
  • Account Receivable Aging

 

Funding up to 75% of the net invoice, not inclusive of the suppliers they owe. Min. amount must be $75K+

COMMERCIAL CONSTRUCTION FACTORING NATIONWIDE

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WORKING CAPITAL for Commercial Construction Contractors and Sub-Contractors:
Electrical, Street Lighting, Road Work, Roofing, Foundations, Windows, Concrete, Haz mat, Oil spills, Building Developments, Gov. contracted jobs, Energy, Water pipelines, Freeway repair, Bridge, Geo thermal, etc…
The Funding Corporation specializes in Commercial Construction and all other receivable financing!  We fund Contractors and “Sub-Contractors nationwide and are well aware of the challenges and red tapes that goes along with it.  Progress payments, “paid when paid”, bonding, unions, merchandise liens, certified payroll, poor credit…
NO PROBLEM!

Who will qualify?

We are looking for experienced, reputable construction firms with a defined industry specialization, a “healthy backlog of work” and the potential to grow. They must be capable of providing accurate financial and job status reporting. Ownership should have a clean background and decent credit.

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With over 35 years experience as di­rect lenders, we have seen it all!  We work with both Federal and Local Tax­ing Authorities, SBA Lenders and Banks.

  • No Personal Guarantees!
  • No Tax Returns!
  • No Personal Credit Checks!
  • No Closing Costs!

Payor must be an accredited Investor:
Gov., US. Postal, Walmart, Unified School, Hospitals, Malls, recognizable companies

Easy Qualify Program. Funding Proposals issued within 24 Hours upon receipt of:

  • Name
  • Address
  • Phone Number
  • Articles of Incorporation
  • Accounts Receivable Aging
  • Accounts Payable Aging

Funding up to 75% of the net invoice, not inclusive of the suppliers they owe. Min. amount must be $75K+ .

CALL TODAY FOR A QUOTE !

Please be prepared to provide the following:

  • Sample Invoice
  • Financial Statements (most current)
  • Company Brochures
  • Color copy of Driver’s License of Principal
  • Copy of your FID/EIN Filing

I will also need:

Are any other creditors that may have a UCC-1 filing on the accounts receivable of the client.

For Construction related clients, please provide the following information:

· How many Suppliers/Sub-Contractors are paid from an invoice?
· What % of an invoice is usually payable to Suppliers/Sub-Contractors?
In addition to your executed application, following are the items you should provide on a construction related client in addition
to the items listed on our application.
· Active Contractors License
· General Liability Insurance Policy
· Confirm Union Dues are current if a union shop.

Our rates vary and are quoted on a case by case basis on a proposal that we issue upon 24 hours of receipt of an application package.

For Construction Sub-Contractors, our rates average as follows:
· 3.5 to 4% for the first 30 days plus .001 per day thereafter
· 75% Advance
· 12 month term renewable

For other clients in the manufacturing, distribution and service industries, our rates average as follows:

· 3% for the first 30 days plus .001 per day thereafter
· 80% Advance
· 12 month term renewable


Application Fee for UCC search, $200.00

At funding..
One time 1300.00 underwriting/due diligence taken out at funding.
Plus a 2pts at closing.