Construction Contractor Services - Building on Experience
Most Asset Based Lenders and Accounts Receivable Factoring companies do not like to deal with construction accounts receivable due to progress billing, retention, bonding, pay as paid issues, etc. Transfac uses its 65 years of experience to work with and fund quality construction companies.
There is a clear-cut need for working capital financing among construction contractors. Obviously construction is a labor-intensive business with weekly payroll demands, yet receivables can drag beyond thirty and sixty days. With the threat of mechanics liens or contract default due to job interruption, stretching payables with sub-contractors or suppliers is not a viable option.
Our typical client is a sub-contractor who was forced to turn away lucrative opportunities because of concerns about managing the burden of carrying the receivables. Our facilities grant these clients leverage to take on the extra work and increase profitability.
We also provide full accounts receivable management and bookkeeping, credit and collection management services and web-based reporting, all at no extra cost.
At Transfac, we pride ourselves on our responsiveness. We can provide you with a free, no obligation proposal within 24 hours of receiving an application and basic customer information. Upon approval, we will fund in less than 72 hours.
Call or email now to get more details!