How Factoring WorksIt is as easy as 1-2-3-4
Factoring your unpaid invoices is easier than you may think and can help you make money instead of waiting to get paid.
How do I Factor My Invoices?
A factoring company, such as CapitalPlus Construction Services, can make cash available to you from 65% to 85% of the face value of your unpaid invoices in less than 24 hours. The factoring company pays the balance, less a service fee, to you when your customer pays the invoice. In the meantime, you have a large portion of your money to use as you see fit. The factoring company now waits to be paid instead of you.
Here is How Factoring Can Help You Grow Your Business
A fire protection and alarm system installation company located in Virginia who wanted to grow their business.
They were asked to bid on a new job that would significantly grow their business but were unsure if they would be able to sustain the lengthy payment terms demanded in their customer’s contract (30+days). Without their customer paying them promptly it would be very difficult for them to make payroll and pay their vendors on time. They had turned down similar jobs for the same reasons – slow payment terms.
CapitalPlus Construction Services approved them for access of up to $100,000 at a time for that job, with no monthly minimums or non-usage fees. This allowed them to bid on and win the new job that they were going to pass up and subsequently grow their business. They’re now aggressively bidding on larger jobs with this customer and have been contacted by other GC’s who are seeking their services.
Call us today at (866) 227-7587 to get the cash you need today with Invoice Factoring Services from CapitalPlus Construction Services.