You're ready to start your next construction project. Then you realize the money you need is tied up in accounts receivable. Construction invoice factoring gives you the working capital needed for materials and labor. Your construction receivables are an asset that can be leveraged. Click here to request an application for immediate cash. - Do you have trouble covering payroll and other expenses?
- Do you lack the cash necessary to take on new jobs?
- Are you unable to take advantage of volume discounts on material purchases?
- Is your company's growth lessened because you don't have sufficient capital?
OCF Construction Funding Programs help you to stabilize cash flow by getting your money now instead of waiting 30 to 60 days to get paid. The results can be astounding: your suppliers will get paid quckly, so you build up credibility as well as being in a position to negotiate the best pricing for the job. You will also be able to take advantage of discounts which help offset financing costs. It is not necessary for your company to be creditworthy. You will be leveraging the creditworthiness of your customers. A bank loan is based solely on your credit, assets, and ability to pay. Working capital generated by a factoring relationship is limited only by your pool of receivables from your creditworthy customers. As you can see, factoring is not only a flexible financial tool, but also privides the cash you need to succeed on an ongoing basis. Who We Fund:- Appraisers
- Architects
- Asphalt
- Cable Compani-es
- Carpenters
- Carpet
- Ceiling/Drywall
- Electrical Contractors
- Engineers
- Excavators
- Fire Sprinkler Contractors
- Flooring
- General Contractors
- HVAC
- Landscapers
- Paving
- Plumbing
- Roofers
- Steel Fabricators
- Tile Contractors
- Underground Utilities
The Funding Process:- You submit an application
- We review the application and submit a letter of intent to you. The LOI establishes the proposed terms of the contract.
- Upon acceptance of the signed letter of intent, we conduct due diligence to determine the amount of financing we can provide based upon the customer and other information you've provided.
- A contract is executed, outlining the advance rate and fees to be charged.
- Funding occurs immediately from the invoices you've submitted for funding.
Click for a free quote or call today at 417-849-7394 Click here to read OCF articles on Invoice Factoring. Click here to read our Accounts Receivable Factoring Blog.
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