Factoring for Construction Companies
Heavy Construction companies and construction sub-contractors often wait for 30, 60, or even 90 days for payments. Invoice factoring with Dare Capital provides the vital cash construction companies and construction sub-contractors need to keep their businesses operating.
Factoring for heavy construction with Dare Capital gives companies the cash they need to keep the business operating. Cash flow from factoring is used to meet payroll, maintain equipment, buy supplies or whatever is needed by the company. The steady cash flow from factoring lets business operators focus on what they do best – getting the job done.
Heavy construction companies are among the businesses who can benefit the most from accounts receivable financing. Heavy construction companies go from one project to the next. Waiting 30, 60, or 90 days to be paid on a completed project can have a major impact on a company’s ability to do the next job.
Bank loans and bank lines of credit are often used by heavy construction companies for cash flow. The reality of the current banking climate is many companies will not qualify for a line of credit and are turned down by the bank. Even those companies with existing bank lines can suddenly find themselves maxed-out or the line being closed.
Factoring is an excellent alternative for companies that cannot use a bank loan or bank line of credit. With factoring, you’ll have the cash you need when you need it. Factoring with Dare Capital also comes with the benefits of being able to check the credit and payment history of potential customers, and with support from account representatives who have extensive experience working with heavy construction companies.
Accounts Receivable Financing for Construction Companies & Heavy Construction Companies
Our industry knowledge, along with our experience, is an invaluable asset to clients. We understand the financial challenges heavy construction companies deal with on a daily basis. Because each client’s circumstances are different, our accounts receivable factoring programs are custom-tailored to fit their needs.
Heavy construction companies use factoring with Dare Capital because it’s the right choice for their business. We can customize a factoring line for most any situation. Whether it’s simply getting steady cash or for needs such as expansion and growth, slow-paying customers or tax liens, Dare Capital can work with you.
Learn more about financing for construction companies with factoring and why it is the right decision for your business by calling us (512) 886-DARE or contact us now.