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Bankers Factoring

an Employee-Owned Accounts Receivable Factoring Company

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Construction Factoring

Non-Bonded Commercial Construction Staffing Factoring

Payroll Financing for Construction Companies through Construction Factoring

Do you do construction work for general contractors or commercial clients? Construction subcontractors must usually wait 45-90 days to get paid on their invoices. In the meantime, you still must cover office, employee, and supplier expenses. Construction factoring can help.

Our construction payroll factoring financing program can advance funds against your invoices, providing funds to pay employees and suppliers. As opposed to other types of financing, construction staffing factoring is easy to get and can be set up in days.

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Invoice Payroll Factoring for Subcontractors

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Payroll Financing for Construction Companies through Construction Factoring

Any construction subcontractors will understand the headache of waiting 30-90 days to get paid on their construction project invoices. In the meantime, you must still cover office, employee, and supplier expenses, all while dealing with rising costs and blocked cash flow. With 17% of all factored invoices in the United States made within the construction industry, construction factoring can help resolve the issue of unpaid invoices and unlock these roadblocks in your cash flow.

Invoice Payroll Factoring for Subcontractors

Our construction payroll factoring financing program can advance funds against your invoices, providing working capital to pay employees and suppliers. Unlike bank loans and other types of financing that may take weeks or months at a time, construction staffing factoring is simple to receive and can be set up in a matter of days.

Learn more about what invoice factoring means.

Invoice Factoring for Construction Sub-Contractors

With over two decades of experience in factoring, the owner-employees of Bankers Factoring intimately understand the needs of your construction company. Once your account is set up, unpaid 30-90 day invoices can be turned into ready working capital as soon as the same day.

We understand how difficult it is for you to get a bank line of credit. Construction finance is tough to acquire at traditional lenders. They don’t like the 90-day pay cycle and the nature of progress pay construction invoices.

Can Construction and Manufacturing Invoice Factoring Benefit You?

When your construction company needs critical working capital now, construction factoring companies will buy your creditworthy invoice and create an instant cash flow without having the worry of monthly debt payments. 

After being approved, you will receive an upfront advance of your cash up to 93%. The factoring company will now collect the balance from the customer from the initial terms of the invoice and issue you the rest of the reserves, less a financing service fee.

Learn more about the benefits of invoice factoring.

The Benefits of A/R Construction Factoring

Selling your accounts receivables creates working capital for your construction business with no strings attached. This working capital can now be used anywhere it is needed, from daily operations to equipment and vehicles and more.

  • Upfront payment up to 85% advance rate
  • Same-day funding after the application is approved
  • Leverage your accounts receivable with a fast cash advance
  • Easy access to continuous working capital
  • Flexible, negotiable terms
  • Low and clearly defined factoring service fees
  • Construction industry experience
  • Based on your client’s creditworthiness
  • No debt on your balance sheet

Common Financial Struggles For Construction Businesses

When running your construction business, there are many common financial struggles you are likely to come across. According to a report by Zippia, in March and April 2020, the construction industry lost more than 1.1 million jobs. In the same year, the U.S. Small Business Administration (SBA) found that 61% of construction companies encountered issues with cash flow. When stuck on 30-90 day invoices without access to cash flow now, these costs can easily become overwhelming.

We also have special factoring programs for fiber optic and utility contractors.

Construction Cash Flow Challenges That May Be Familiar to You include:

  • Making payroll
  • Rising costs
  • Can’t take on larger jobs
  • Seasonal fluctuations
  • Overruns and delays
  • Compliance with regulations
  • Long payment terms
  • Retainage
  • Legal fees
  • Marketing expenses
  • Project management
  • New equipment + vehicles
  • Office maintenance

When faced with these issues and problems with cash shortage, it is essential for contractors and subcontractors to have access to a reliable source of financing, and factoring companies can provide this solution. According to the Commercial Finance Association, over $3 trillion in invoices is factored each year worldwide, and more and more businesses are realizing the benefits that this service provides.

Working with Bankers Factoring; fast, reliable, and consistent funding allows financial struggles to transform from headaches into solutions. With us, no hidden fees to be found, and with one of the smallest construction factoring rates on the market, your rates are clearly defined with no surprises

Bankers Factoring will also provide your company bad debt protection, meaning that if your customer does not pay their outstanding invoices, we will absorb this loss and take on the credit risk. Unpaid invoices, worries about credit, and the potential for bad debt will no longer be an issue.

Requirements for Construction Factoring

The essential requirement to qualify is to do business with reliable general contractors or commercial clients. When these requirements are met, construction receivable factoring is available.

Requirements for Construction Factoring

The essential requirement to qualify is to do business with reliable general contractors or commercial clients. With that in mind, construction receivable factoring is available.

Do You Qualify for Construction Receivables Factoring?

  • You must do business with general contractors or commercial clients
  • Telecom or Cable Payroll Funding
  • Construction Staffing Factoring
  • The client or GC must be a reliable payer
  • Your business must invoice a minimum of $40,000 per month
  • Your company must NOT have a performance bond for the invoices you wish to factor with us.

The jobs you work on must be commercial or government jobs. As a factoring company for staffing construction, we can fund residential sub-contractors, if you are working for a strong credit, national builder. We also have Telecom, Cable & Construction Payroll expertise.

Construction Payroll Financing

We also have special payroll factoring for construction companies. Let Bankers start funding your construction business.

Ready for the owner-employees of Bankers Factoring to fund your entrepreneurial dreams through payroll funding and construction factoring? Call 866-598-4295 or go to Bankers-Factoring-Application.

(866) 598-4295

Get Fast Working Capital through Invoice Factoring

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