Slow paying clients and long payment terms are the norm in the construction industry. General contractors and other construction companies often run into challenges paying employees on time, purchasing materials for a job, and taking on larger projects because they are waiting for past clients to pay their invoices. Sell My Invoice will help your construction business cover your daily expenses by offering Invoice Factoring for Contractors.
Factoring guarantees you the funds you need within 24 hours to manage your daily operations worry-free by purchasing your accounts receivable invoices and paying you right away. No more waiting 30 to 60 days to receive payment and no more applying for bank loans. Construction factoring is your debt-free solution to immediate financing.
Invoice Factoring, also called Accounts Receivable Financing, is a resource used by construction companies and general contractors of every size and from every sector. It is an excellent way to increase your revenue based on money you’ve actually earned rather than applying for a loan.
The process is simple:
Our application is simple, requiring minimal paperwork and offering low bar qualifications to become eligible.
Our underwriting department processes requests and reaches a decision very quickly. Most clients are approved before the following Friday.
As soon as you get approved, you can begin submitting your invoices immediately.
We offer the highest cash advances in the factoring industry. Your payment will be direct deposited within 24 hours so that you have access to it as quickly as possible.
Processing and collections are handled by Sell My Invoice so you don’t have to worry about any of it. As soon as your clients pay their invoices in full, we’ll send you the remainder of your funds, minus our processing fee.
If your company continually deals with slow paying clients or your contractors can’t pay you until their clients pay them, Sell My Invoice has the ideal solution. We offer factoring to all types of construction companies, including:
Many companies use construction factoring as part of their long-term business strategy and implement our services into their billing process. Here are just a few of the many benefits your construction company will experience using Accounts Receivable Financing:
Make your contracting company thrive with Construction Factoring!