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10-13-2017, 01:47 AM #1
Funding Against ACTUAL Contract? Construction Industry
Is there any company out there that funds based on the contract itself?
I'm not talking about a company that says they do, but then needs A/R to fund. I'm talking a company that looks at the contract, establishes its validity, then funds a percentage of it upfront, and will use the A/R of the contract ITSELF to collect later.
Is there such a company? The thing I have is a guy with hardly any new A/R but who needs funding for the new contract itself. He doesn't want to wait until he has invoices to get funding. That can take weeks! He needs money now to embark on the project full-force.
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