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08-03-2016, 05:19 PM #1
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- Apr 2014
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- Chicago, IL
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Construction Subcontractor Factoring
Hi everyone: Anyone know of construction subcontractors (besides IFG) that are still funding invoices on work completed? Debtors are located in Texas, the subcontractor is located in PA. Invoices range from $130K - $2.5MM but debtors, being that they are GCs, have limited information on DnB and Experian Business.
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08-03-2016, 05:26 PM #2
Reputation points: 68233
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- Dec 2014
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- Quogue, NY
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- 1,108
Sent you a PM... With GC's that have limited Credit insurance data, expect the advance rate and cost of funds to reflect the risk.
Reach out if you would like assistance..
RG
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 11743
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08-03-2016, 08:43 PM #3
Reputation points: 4530
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- Mar 2014
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- Ann Arbor, Michigan
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- 1,289
Construction Subcontractor Factoring
Financing contractors is tricky because if intervening liens and unusual industry specific invoicing procedures.
We might be able to help find one of several Factors that specialize in that marketplace.
If Richard does not solve your problem please give us a call.
Bob Shaw
rshaw@advancecredit.com
734-929-3800
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08-04-2016, 12:01 PM #4
Reputation points: 2697
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- Sep 2015
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- Miami, FL
- Posts
- 189
Construction Subcontractor Factoring
Im already looking at this deal. Should i stop working on it???
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08-11-2016, 05:03 PM #5
Reputation points: 5777
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- Mar 2016
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- 335
All (80%) we do is factor construction Subs
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08-11-2016, 06:50 PM #6
Reputation points: 4530
- Join Date
- Mar 2014
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- Ann Arbor, Michigan
- Posts
- 1,289
Construction Subcontractor Factoring
Great point VFG
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