Factoring Construction Deal
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  1. #1
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
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    1,289

    Factoring Construction Deal

    Here's one example of why most factors won't deal with contractors. The factor relies on the contractor to pay their subs and materials. When they don't the owners get hit with a lien and deduct that from what they owe the contractor. The result is the factor does not get paid.
    Bob

  2. #2
    Karen37a
    Guest
    Isn't there a blanket lien they could use? And if not if he settles the mechanics lien is there a waiting period after..or just proof of settlement

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