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Bankers Factoring

an Employee-Owned Accounts Receivable Factoring Company

Employee-Owned A/R Factoring Company

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Bankers Factoring

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Construction Factoring

Non-Bonded Commercial Construction Staffing Factoring

Construction Industry Factoring
Construction Industry Factoring from Bankers 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 invoice factoring can help all construction businesses receive up to 90% of their invoice’s face value.

Construction contractors stuck at the construction site can’t stress over late progress payments and overdue invoice payments. Using construction invoice factoring to get same-day funding from Bankers Factoring. Your credit history is not an issue; factoring is one of the few funding options based on your customer’s credit history.

Factoring Construction Invoices from Award-Winning Construction Factoring Companies

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

Telecom Construction Payroll Factoring
Telecom Construction Payroll Funding

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Payroll Financing for Construction Companies through Construction Invoice 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 worrying about 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 Invoice Factoring

Selling your accounts receivables creates working capital for your construction business without strings attached. This working capital can now be used anywhere, 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 with an easy-to-understand factoring agreement
  • 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

You will likely encounter many common financial struggles when running your construction business. 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-to 90-day invoices without access to cash flow now, these costs can quickly become overwhelming.

As a telecom construction factoring company, 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 operating expenses and direct costs
  • Business owners have to use credit cards to fund their business
  • Can’t take on larger jobs with no money to fund business growth
  • Seasonal fluctuations
  • Overruns and delays in customer payments
  • Compliance with regulations
  • Long payment terms with slow invoice payments
  • Progress payments and Retainage issues
  • Legal fees
  • business insurance, including workman’s comp
  • Business loan and Bank loan turndown specialists
  • Marketing expenses and operation costs
  • Project management and construction site safety checks
  • Needing expensive new equipment and construction vehicles
  • Mobile office space maintenance

Construction Invoice Factoring Gives You Safe Working Capital

When faced with these issues and problems with cash shortages, contractors and subcontractors must have access to a reliable source of invoice 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 businesses are realizing the benefits of this construction financing service.

Working with Bankers Factoring Company, you can expect fast, reliable, and consistent funding, transforming financial struggles from headaches into solutions. With us, there are no hidden fees, 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 with bad debt protection, meaning that if your customers do 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 Invoice Factoring

The essential requirement to qualify is to do business with reliable general construction contractors or commercial clients. With that in mind, construction receivable factoring is available with special programs for fiber contractors. You will enjoy our construction factoring services with a low construction factoring fee.

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 offer special payroll factoring for construction companies. As a seasoned construction factoring company, Bankers Factoring Company can help you start funding your construction business today. Stop stressing over waiting for customers to pay.

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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