[Kevin Henry-Seacoast]

Fundyman,

There are a handful of contract finance companies in the market, but rates can be very steep and they will take just as long if not longer to fund than a factor. We have set up factoring facilities in a little as 10 days...could have been quicker, but we were waiting on the client for info. Once the account is set up and they submit invoices, it takes less than 24 hours to fund. Are they invoicing weekly under the new contract? If so, they might be able to finance current AR albeit small and then the new invoices at the end of the first week. Kevin.Henry@SeacoastBF.com

Sorry-Did not see that this is a construction Company. We can't do construction.