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.
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, yourself.
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 lending 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.