We Know Your Construction Cash Flow Problems:
We can help you manage the wild swings in cash flow by getting you your money now; not waiting 30, 45 or 60 days. Your suppliers get paid quickly, so that you can negotiate the very best pricing.
- Trouble covering payroll
- Not enough cash to fuel growth
- Can't take on new jobs and keep loyal customers
- Can't take material discounts
- Big jobs use up all available cash
Commercial Construction Accounts Receivable Financing Programs
1st Commercial Credit can provide you the cash resources that fuels your business through our Commercial Construction A/R financing programs. We understand commercial construction and have financial sources that specialize in both commercial general and sub contractors funding. Some may include the following:
- Cable Companies
- Electrical Contractors
- Fire Sprinkler Contractors
- General Contractors
- Security Firms
- Space Planners
- Steel Fabricators
- Supply Houses
- Tile Contractors
- Underground Utilities
Difference between Construction Factoring and a Bank Loan
We can help you manage the wild swings in cash flow by getting you your money now; not waiting 30, 45 or 60 days. Your suppliers get paid quickly, so that you can negotiate the very best pricing. In many instances, the ability to take discounts and get bettermaterial pricing has made up for the cost of factoring. Start Today
The difference between A/R financing and a bank loan is in A/R financing you use your customer’s credit line as leverage, not yours. A bank loan is based only on your assets and the ability to pay the loan back. When you factor, your growth potential is based on your credit worthy customers and it is virtually unlimited. The more credit worthy customers you sell the higher your credit line becomes.
1st Commercial Credit is committed to helping small companies take advantage of opportunities to grow their business.
We create a winning situation all around. We utilize the good credit of the entity ordering the products or services to finance the contractor or vendor who otherwise cannot take on the contract. The vendor wins by accepting and executing new business opportunities that will take them to the next level. The purchasing entity wins by accommodating greater diversity among its vendor base. In many cases, the purchaser has stated or mandated goals for participation among certain types of vendors – We help achieve these goals.
Our Contractor Financing Program
Is specially designed to finance contracts with local, state and federal government agencies. We work particularly well with programs designed at increasing contractor/vendor participation among:
- locally owned businesses
- minority owned businesses
- female owned businesses
- disadvantaged businesses
- small businesses
- Mobilization gets the contract underway by providing 10-15% of the contract amount up front – before the work gets started.
- Working Capital provides more cash as the contractor invoices.
- Financing of invoices puts the vendor on a cash basis.
- Vendor increases business, improves relationships with creditors and concentrates on creating revenue, not collecting it.
The program has been developed to provide working capital for contractors so they can properly execute their government related construction contracts. In order to have a successful construction funding program, we have chosen to outsource this service to investment partners that understand the contractor industry.
They can track and monitor your contracts and invoices and act as your advocate. In this way, we are able to arrange project financing for you and facilitate your compliance with your funding. Our partners will finance your project and your payments will be made directly to them.
Together with our investment partners and disbursing agents, we offer a complete program that finances your project and helps manage your cash flow for the benefit of your customer, and, most importantly, you.
The Disbursing Agent helps you financially manage your project by making all payments to suppliers, subcontractors and payroll on your behalf. All cash flow related to the job, including the loan and payments from your customer, is handled by the Disbursing Agent. This relieves you of much of the financial management burden of the project and ensures for all that necessary payments are made on time to avoid issues of mechanics’ and suppliers’ liens, loan default, etc. You will contract with them directly and make all requests and arrangements for payment of project expenses with them.
Our funding partners have years of experience in asset-based and contract lending, we work on your behalf to arrange your funding and facilitate its administration. Some features and benefits of the program may include monitoring and tracking your contracts and invoices. Others services may include packaging and communicating your requests for advances to the lender and communicate the lender’s requirements to the Disbursing Agent. Request A Receivable Finance Quote
Most Popular Links:
- Accounts Receivable Loans
- Accounts Receivable Funding
- Invoice Factoring
- Invoice Lending Services
- Cash Flow Lender
- Factoring Services
- International Factoring
- Bank Factoring
- Invoice Discounting
- Payroll Funding
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