Construction Staffing Financing
Payroll Funding for the Construction Industry
Table of contents
- Construction Staffing Financing
- Payroll Funding for the Construction Industry
- Construction Company Payroll Financing
- The Construction Staffing Funding Summary
- The Best Construction Staffing Financing Company
- Bankers Factoring has provided customized cash flow and construction staffing invoice factoring programs in the following areas:
- In this Construction Staffing Financing article, we cover:
- Construction Invoice Financing Overview
- What is construction staffing factoring or construction payroll financing?
- Financing Funding Issues Construction Companies Face
- Typical challenges construction companies face include:
- How do you factor construction staffing invoices?
- The four-step process of construction AR invoice factoring:
- Benefits of construction company financing with AR factoring
- The Construction Staffing Funding Process:
- Bankers Factoring, The Best Construction Staffing Financing Company
- Ready for the owner-employees of Bankers Factoring to help you grow your construction company with our award-winning invoice funding services, including bad debt protection? Use our fast online factoring application or call the toll-free number 866-598-4295
Construction Company Payroll Financing
The Construction Staffing Funding Summary
Construction companies want the best construction talent but face many concerns when seeking payroll financing. However, Construction staffing factoring provides fast funding to companies that sell unpaid accounts receivable (AR) invoices for upfront working capital. Staffing Factor financing also helps construction companies overcome cash flow challenges with bad debt protection.
- Construction labor and construction staffing factor financing helps overcome bank loan denials and provides immediate cash flow funding.
- Factoring invoices or AR factoring injects working capital into construction companies without bearing balance sheet liabilities.
- Construction companies can receive up to 93% of their total AR balance in cash construction payroll funding within 3 to 5 days.
- The considerable infrastructure investment in the US needs construction supplies and construction labor.
The Best Construction Staffing Financing Company
Cash flow issues hinder construction companies’ ability to acquire other contracts and grow their businesses. Cable industry construction requires payroll financing of working capital to deliver on-time work. Bankers Factoring is the Best Construction Financing Company for jobs needing fast working capital.
The Best Construction Factoring Financing company helps construction contractors and companies obtain working capital to finance operations and new projects. Selling your unpaid invoices to Bankers Factoring is a quick, debt-free financing tool for construction companies.
Bankers Factoring has provided customized cash flow and construction staffing invoice factoring programs in the following areas:
- Cable and Telecom Factoring
- Fiber and Utility Company Factor Financing
- Construction Staffing Factoring
- Directional Drill Company Financing
- Oil and Gas Factoring
Construction contractor financing is critical for startups, small businesses, and government contractors. Bankers Factoring also provides exclusive government factoring services to construction contractors and companies. And our team understands how vital cash flow funding and financing are to construction operations.
In this Construction Staffing Financing article, we cover:
- Construction Invoice Financing Overview
- What is construction factoring?
- Financing Funding Issues Construction Companies Face
- How do you factor construction invoices?
- What if you are a construction staffing agency?
- Benefits of construction company financing with AR factoring
- Bankers Factoring The Best Construction Financing Company
Construction Invoice Financing Overview
Construction contracting companies with unpaid accounts receivable (AR) invoices can sell their AR for cash funding. Invoice factor financing provides fast working capital through cash flow funding. And with Bankers Factoring’s quick online funding application, construction companies can seek cash flow financing within 3 to 5 days.
Invoice factor financing helps not-yet bankable businesses by funding construction companies based on customer creditworthiness. It also helps startups, small businesses, and other commercial industries secure funding without balance sheet debt. Construction companies need trusted funding sources throughout lengthy projects to cover payroll funding, leases, and other payable bonds.
What is construction staffing factoring or construction payroll financing?
Construction staffing companies in a funding bind utilize A/R invoice factoring when banks and traditional lenders are unavailable. Construction factor financing is a simple process in which the construction company sells its unpaid AR to Bankers Factoring in exchange for two cash advances.
The Construction factoring cash disbursements are as follows:
- Initial cash advance from 80 to 93% of total AR value on the same day as application approval
- The second and final cash rebate for the remaining invoice balance, less the small factoring fee
Construction staffing factoring provides immediate financing to businesses with staffing costs, long-term projects, or after a bank loan denial. Thus, factoring AR invoices is an alternative commercial funding method for companies that cannot obtain traditional funding. Banker Factoring providesย the best factoringย services to construction companies that need fast-working capital.
Contact Bankers Factoring to develop a payroll financing plan for your construction company.
Financing Funding Issues Construction Companies Face
Like many other industries, construction staffing faces challenges in funding new companies. However, factor financing helps construction staffing companies finance projects, payroll, and operating costs to beat cash flow concerns.
Typical challenges construction companies face include:
- Poor business owner credit
- Lack of business history
- Slow-paying construction jobs
- Liens on business assets
- Recent bankruptcy
- Hard to find good project managers and construction workers with the right skill set
- Payroll funding and paying staff
- Capital financings such as equipment, facility, and significant assets
- Overhead expenses such as background checks
- Talent acquisition for a construction staffing firm
- Back taxes
- Onerous construction supply terms
To learn more, visit our previous article, โHow Does a Factoring Company Work?โ
How do you factor construction staffing invoices?
Construction company invoice factoring is a simple process that begins with sending an online funding application. Bankers Factoring, a factoring company, also looks at the creditworthiness of our client’s customers. Construction contractors working with large commercial bodies can secure large financing lines with construction factor financing.
The four-step process of construction AR invoice factoring:
- Submit an online funding application
- Bankers Factoring approves your factoring financing line within 3 to 5 days of your application.
- Bankers Factoring cash advances up to 93% of your total AR value the same day as approval.
- Bankers Factoring remits or rebates the remaining balance, less our small factoring fee. Once the customer or account debtor pays in full, this step summarizes the factoring agreement.
Benefits of construction company financing with AR factoring
Fast cash flow financing is the benefit of selling invoices or factoring invoices. Because AR factoring payroll financing provides quick cash flow to pay for payroll funding, overhead costs, and the cost of customer acquisition. Thus, construction companies need regular funding sources to keep up with business operations.
The Construction Staffing Funding Process:
- 3 to 5-day application, approval, and funding process
- Financially distressed businesses and business owners qualify
- Up to 93% cash advances for selling unpaid invoices related to construction staffing
- Non-debt financing vehicle
- Bankers Factoring credit and bad debt protection with non recourse invoice factoring
Cash flow is critical for all businesses, including construction companies. Construction payroll factoring is designed to prevent significant cash flow issues for firms lacking the traditional bank support as major companies.
Bankers Factoring, The Best Construction Staffing Financing Company
Bankers Factoring, the Best Construction Staffing Financing Company, provides credit protection, fast funding, and 24/7 online reporting to our construction clients. The best construction factoring company improves clients’ performance with trusted, protected, and regular cash flow. With our experience in the construction industry funding numerous construction trades, Bankers Factoring enables construction companies to promote business growth with cash funding and business financing.
We want to fund your construction staffing payroll as you contribute to the US infrastructure investment. We fund construction firms on all types of construction projects, from water infrastructure to concrete restoration.