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How to Factor Invoices

Tuesday, September 27, 2016

Factoring invoices doesn't have to be complicated.  We have tried to streamline the process as much as possible.  In fact, with all the paperwork that goes into construction factoring, we've actually made it easier on YOU the contractor.  In essence, when you factor with Construction Finance, we do the paperwork for you.  No more worry about wondering if you filed the correct paperwork within your state's timeline, we do it all for you!  When you factor an invoice with Construction Finance, we make sure that all paperwork is in order in case there is a need to file preliminary notice, intent to lien or file a lien.  No more stress on your part!

If you're unsure about how to factor construction invoices, we have have a complete tutorial series called "What is Construction Factoring?"  You can watch the entire series on our youtube channel:  

CONSTRUCTION BUSINESS BEST OF TIMES AND WORST OF TIMES


John Sawyer, owner of Construction Finance, begins the “What is Construction Factoring? Tutorial Series” with a little background.

My dad was an english teacher when I was growing up and made  me read books.  My kids today don’t read too many books unless they have to for school.  They are too busy texting, instagraming, snapchatting, facebook and devouring so much online information.  But my dad made me read books.  Charles Dickens novel, “The Tale of Two Cities” starts out with, “It’s the best of times and it was the worst of times.  I didn’t know what that meant when I read that but since I entered the construction business in about 1995, I learned what it meant.  In about the year 2000, it was the best of times for my little construction company.  I had about 15 full time carpenters, we had work, business was booming.  But at the same time, it was the worst of times.  I did not have the right cash flow for the tools, to keep all my employees paid, to keep all my vendors and suppliers paid on time.  It was the worst of times when it came to cash flow and growing too quickly.
So what are your options?  You can go to the bank.  Often times that takes many weeks, perfect credit, and lots of approvals.  You can say, “yes” to these hundred people who call you every day telling you that,  “you’ve been pre approved for $100,000 of working capital.  Sign up now and all you have to do is pay us back $1,000 a day forever.”  But, there is another option, you can sell your invoices to a construction factor, such as Construction Finance, for a much more affordable rate than that $100,000 working capital that they offer you over the phone and force you to pay back $1,000 a day forever.
Click here to see the entire post from Construction Finance
Call today 870-277-0658


Who is Construction Finance

Monday, March 28, 2016



ABOUT US


  • The Principals of Construction Finance are not new to this industry.
  • We have over 30 years of combined experience in purchasing accounts 
  • receivable and managing and owning small to medium sized construction 
  • companies.  We have “Been in your Shoes!”
  • We learned long ago that “the eagle does not always fly on Friday”. 
  • Sometimes those checks take 30-45-even 60plus days to hit your account.
  • Construction Finance is your solution to get paid today.
We offer:
  • Quick approval of your invoices
  • No outside investors to slow the process.   Our money is your money.
  • No monthly minimums
  • No hidden fees
We are the answer to getting you paid today!  
Click here for the link to our about us page.  

View our quick video to see how Construction Finance can work for you!


Contact John Sawyer at Construction Finance today to get started factoring!
870-243-6429


Construction Finance and Construction Factoring

Friday, February 19, 2016

Construction Factoring

Construction Finance specializes in factoring services for the construction industry.

We do what others won’t for construction companies and contractors:
     +Paid when paid contracts
     +Progress billing

Are your slow-paying customers slowing down your business growth?
We can help! Construction Finance specializes in assisting construction companies with their cash flow needs by providing construction invoice factoring services. Our construction factoring services can give you immediate access to cash. With Construction Finance you get a unique blend of continuous finance and system support allowing you to pay creditors promptly, meet payroll, maintain overhead expenses, pay taxes and compete for larger jobs all from a company that knows your business.
Construction Finance has extensive experience providing factoring services to general contractors and subcontractors across various trades such as:
  • Asphalt
  • Concrete
  • Demolition
  • Directional Drilling
  • Electrical
  • Excavation and Hauling
  • HVAC
  • Interior Finish
  • Paving
  • Painting
  • Plumbing
  • High Voltage
  • Low Voltage
  • Roofing
  • Structural Steel
  • Underground Utilities
Since we specialize in factoring for construction companies we know your business and can help you navigate some of its challenges including:
  • Providing a basic understanding of lien laws in your state as well as getting the lien releases for you and keeping current with changes.
  • We can operate much like an accounts receivable department would. From paying your subs and suppliers to helping you manage the financial aspects of the project.
Benefits of using Construction Finance's Construction Factoring Services:
  • We specialize in factoring services for the construction industry.
  • We can give you cash today for your invoices.
  • We work with companies who have limited or no credit history.
  • We are a direct funding source with decision makers on site. 
  • We offer in-house underwriting for quick decision-making.
  • There are no long-term contracts.
  • There are no monthly minimums and no penalties for non-usage.
  • Our fee is all-inclusive. (No nickel and diming. No upfront fees, no wire fees, no hidden charges, no interest charges.)
  • Contact Us today at Construction Finance

Construction Factoring

Thursday, February 18, 2016



Why Construction Factor?

Get the cash you need today. 

Click Here to get started!

Advantages of Construction Invoice Factoring/Accounts Receivable Factoring

Construction factoring of your unpaid invoices enables you to eliminate the 30- to 90-day period it typically takes for customers to pay their invoices. This allows you to quickly get the funding your company needs to pay bills, improve cash flow and take advantage of new business opportunities. Construction factoring allows you to grow your business and worry less about having the money for day-to-day operating expenses, all without assuming any debt.

Benefits of Working with a Construction Factoring Company

Where banks will consider whether your company is financially sound when deciding to approve a loan, construction factoring companies don’t look at the size of your business or your creditworthiness. In fact, factoring companies look at the creditworthiness of your customers. If your business has a creditworthy commercial customer base with unpaid invoices you can benefit from factoring.

Advantages of Working with Construction Finance

  • We can give you cash today for your invoices.
  • We work with companies who have limited or no credit history.
  • We are a direct funding source with decision makers on site. 
  • We offer in-house underwriting for quick decision-making.
  • We have over 10 years experience in the construction field.
  • We answer your calls, emails TODAY!
 
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