Do late payments force you to turn away new construction projects? Are you struggling to collect funds tied-up to slow-paying clients? If so, our construction factoring can help.
Construction factoring or building factoring is a financing solution designed for construction service providers. Contractors like you can sell eligible invoices to companies like Factoring Express to receive immediate cash advances.
Instead of waiting for months, we will fund your builder’s invoice as fast as 24 hours. We can also advance up to 97% of your invoice’s total value.
Not only that: factoring is not a loan. You will not accumulate interest rates, draw fees, or closing costs. We only charge a small fee as payment for assuming responsibility for collecting the invoice from your client.
Whether you’re a contractor or subcontractor, our factoring service can help boost your cash flow. This way, you will get much-needed capital to pay suppliers, labor costs, utilities, insurance, and more.