Why is it so hard for companies in Construction to find a Factoring Company that will purchase Accounts Receivable ? Construction factoring is a complicated subject that only a handful of factoring companies are specialized enough to understand. Working with traditional factoring companies that do not understand the business can be a frustrating experience. At Front Range Funding Solutions we understand this and unlike the majority of our competitors , we are uniquely qualified to handle your business. We understand that in most instances you are waiting to get paid from your General Contractor or subcontractor, who is also awaiting payment. This is called "Pay when Paid" invoicing. Your company needs money to: - Make Payroll
- Start New Projects
- Get Supplier
We understand the specialized lien laws and the rights that suppliers have on the construction project. Other issues we encounter are the progress billings that are made to subcontractors working on an involved project . We also understand how to handle retainers, offsets and charge backs. We also offer a unique program that allows you to "spot factor" invoices. Imagine that you just took on a customer and you really don't have a good handle on their payment history, hindering your ability to take on new projects. Construction factoring requires a lot of due dilligence and must be handled by a specialized company. You need a company experienced in construction factoring or you risk interrupting your cash flow as the non-specialized factoring company gets over the learning curve of your business demands. We understand your business and we can get you funded quickly and easily. If you can assist us with our information request we can have you funded in as little as 3 days. And even better, once we have developed the relationship we can fund future acccounts receivable in 24 to 48 hours.Yes, that quickly. To fully appreciate all the benefits of factoring your accounts receivable to keep growing your business, please refer to our Accounts Receivable section. There is also a very comprehensive Frequently Asked Questions section along with useful examples from other businesses we have helped. Front Range Funding Solutions has the answers to unlock the cash you need to grow your business. |