Progress Billing Factoring
Funding for Progress Billing Invoices
Progress Billing Factoring is a funding option to help subcontractors, contractors, and construction companies that bill on a progress billing schedule receive funding in phases as the project progresses to completion.
The process is simple:
- Submit this short form
- The office that handles your area will then contact you
- Complete the simple application, which will be sent to you via email
- Provide the invoices you sent to the General Contractor, along with other other requested information
- Upon underwriting approval, our team will fund you while we wait for your customers to pay
Construction companies, government vendors and contractors, manufacturers, and others who generate progress billing invoices find this funding ideal. Progress billing factoring offers funding solutions not available in most cases in traditional factoring companies or banks.
General Qualifications: Key Accounts
- Our client must perform the project work themselves with minimal outsourced
- Track record of profitable bidding and execution
- Able to produce accurate financials and Work In Progress (WIP) reporting
- Have a diversity of project sizes and lengths
- Accounts Receivable must exceed Accounts Payable
Our team, part of an affiliate group of construction factoring professionals specializing in funding options for the construction industry, will closely collaborate with our clients to tailor a funding solution to meet their unique cash flow needs.
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