Construction Invoice Factoring:
No More Waiting on AR Payments
You don’t have to wait 30, 60, or 90 days for clients to pay their invoices. Since 1998, CapitalPlus’ invoice factoring has provided contractors and subcontractors with quick access to funds so they can focus on what they do best: building their construction business. Give us a call: 865-670-2345
Construction invoice factoring can be fast and simple!
Compared to other forms of financing available to the construction industry, factoring can be a relatively painless and fast process. But how does it work? Construction invoice factoring is an alternative financing option that allows construction companies to quickly access working capital using their outstanding invoices. After signing an agreement with a factoring company and becoming a client, you sell your unpaid invoices to them. They will provide you with a percentage of their face value right away—typically 80%. Once the project is complete and your client pays, a factoring fee is subtracted, and you are sent the remaining balance. Simple!
There’s no need to wait months to get paid!
Call (865) 670-2345 or schedule a callback to learn how factoring can benefit your business!
Don't Wait Another Day!
We are waiting to talk to you about how invoice factoring can quickly help you get control of your business’s cash flow. Give us a call: (865) 670-2345 or schedule a meeting:
The CapitalPlus difference: building up the construction industry.
With over 26 years dedicated solely to construction factoring, CapitalPlus understands the unique cash flow needs of contractors, subcontractors, and the entire commercial construction industry. Unlike “one size fits all” factoring companies, we specialize in construction factoring invoices, helping your business through tough times. Our team has been carefully chosen to include highly educated, experienced professionals with construction and finance knowledge. We are not some giant, impersonal corporation or a faceless app—our years of experience allow us to understand the unique challenges you face, from handling liens to managing bonded work, and we offer tailored solutions to help you succeed.
We measure our success by yours, which is why we provide customized, hands-on service for every client. And if for whatever reason our funding options aren’t the perfect fit, we will always try to guide you to other construction factoring companies that we trust. Your success is our priority, even if it means recommending another partner.
With CapitalPlus, you’re choosing the best construction factoring company—the one focused solely on your industry. Contact us at (865) 670-2345 or schedule a short consultation call today to see how we can help your business thrive.
Invoice Factoring: a smart solution for many construction companies.
Unlike traditional bank loans that can be so difficult to get approved for, invoice factoring can be a great option for construction businesses. It can be ideal if:
- you have cash flow challenges — invoice factoring can unlock your “financial handcuffs” when waiting for customers to pay.
- you’ve researched your options — you have looked into other options and know how dangerous MCAs can be and that bank loans are not possible.
- you have a limited credit history — unlike a bank loan, your credit history is NOT the main determinant in our invoice factoring, so new businesses or ones with less-than-perfect credit are often great candidates.
- you need funds to strategically grow — being able to use factoring like a line-of-credit means you can bid on and undertake larger jobs that others might not be able to.
- you focus on commercial construction — factoring invoices in the residential sector can be difficult.
Of course, talking with our financial experts about your unique situation is ideal. Contact us at (865) 670-2345 or schedule a call.
Use the factoring funds where you need them.
When you decide to take advantage of construction factoring from CapitalPlus, you can use the money how you see fit:
- pay bills
- make the company payroll
- pay external contractors and subcontractors
- hire new employees
- pay operating expenses
- purchase equipment
- pay for materials and supplies
- pay back taxes
- compete for future work
The choice is up to you!
Success stories using invoice factoring
Thousands of businesses have turned their business around using construction invoice factoring from CapitalPlus’ over the past 26+ years. Check out a few of the many, many success stories.
Client: A general contractor in Florida
Situation: Working on a luxury resort hotel project was a larger project than they had normally undertaken. For this reason, the contractor was worried about having enough money to pay the upcoming payroll.
Solution: $280,000 initial funding on the $1,500,000 contract
Result: By leveraging construction invoice factoring from CapitalPlus, the contractor was able to pay their team on time. They also took comfort in the fact that CapitalPlus’ lien compliance ensured all subs and vendors were paid and signed lien waivers. Invoice Factoring enabled them to spend 100% of their time focused on their project and not worrying about back-office stresses.
Client: A mechanical, electrical, plumbing contractor working in Ohio
Situation: This existing CapitalPlus client needed working capital to purchase over a million dollars of new plumbing materials and other supplies to take on a large contract which did not allow materials to be invoiced at delivery. Without this cash infusion, the contractor would have to pass on this opportunity.
Solution: $2,000,000 in Account Receivables factoring
Result: The contractor was able to purchase the project’s equipment, start, and complete the project.
Client: A masonry and concrete subcontractor working in Georgia
Situation: This subcontractor had been receiving funds from another factoring company that recently made a strategic decision to no longer work in the construction industry. That left the subcontractor without the required funds to pay their vendors and meet payroll.
Solution: $52,000 in Factored Funds
Result: Using CapitalPlus’ construction invoice factoring, the contractor had the working capital they needed to take on restoration of a stone wall on a historical property, and is now well-positioned to bid on larger projects in the future.
There are thousands more construction companies that have benefited from our invoice factoring. Read more client’s success studies.
You can be our next success story!
Call (865) 670-2345 or schedule a meeting today.
We Fund the Construction Industry
There are many other invoice factoring companies for construction businesses out there. Large and impersonal, you are probably just a number to them. But because we have worked solely with contractors and subcontractors for so long, we know your specific problems and goals. From tiny to large construction businesses in all sub-trades, they have found relief using our construction invoice factoring:
- Concrete Suppliers and Contractors
- Demolition Contractors
- Directional Drilling Contractors
- Electricians
- Excavation and Hauling Services
- Interior Finish Specialists
- Mechanical Heating and Cooling Contractors
- Painting Contractors
- Paving and Seal Coating Companies
- Plumbing Companies
- Roofing Companies
- Structural Steel Fabricators
- Underground Utilities Contractors
- and all other commercial construction trades.
Construction Factoring Designed Around
Your Needs
When you choose CapitalPlus to factor your accounts receivable, you will instantly know what sets us apart from other factoring companies and lending alternatives:
100% transparent fee structure: no "nickel and diming" or surprises. You will be clear up front, before signing anything.
Funding can happen as soon as 24-48 hours after invoice submission.
No monthly minimum revenue requirements.
On-site underwriting means much faster decision making. There is no waiting for off-site decision-makers.
No long-term contract requirements. No early termination fees. Use factoring as long as you need it.
We can factor bonded work, Pay-When-Paid contracts, or progress billing.
We can work with banks, PO, and ABL lenders.
Factoring fundings from $50,000 to $10 million.
What they are saying about CapitalPlus
Our clients tell the story of the benefits they have had using factoring in their construction businesses.
Mike M.
“I would strongly suggest any small business, contractor, or subcontractor to start a business relationship with Capital Plus. You will not be disappointed! Tell them Mike sent you!!”
Craig R.
“I had a great meeting with a CapitalPlus representative. He explained the services clearly and provided great insight into options for securing much-needed capital. I highly recommend!”
Richard F.
“Capital Plus has been great to us!! Every person I came in contact with has been super helpful!”
Amanda N.
“Laura, you and team ROCK! Thank you for the additional help on this month’s pay apps.”
Tim S.
“Capital Plus makes a lot of things possible for construction companies to keep cash flow possible. Brett Barboza and his team bring the expertise, knowledge, and professionalism to make it all possible. Great job guys and thanks.”
Sam S.
“I had a great meeting with a CapitalPlus representative. He explained the services clearly and provided great insight into options for securing much needed capital. I highly recommend!”
We are here to answer your construction factoring questions.
Our funding experts are ready to help you get control. Call us at 865-670-2345 today or request a callback.
Request a CallbackFrequently
Asked Questions
If you are new to CapitalPlus Financial Services or factoring in general, we hope that we can give you the information you need to make the best decision for your company’s working capital needs.
Invoice factoring is cash flow-supporting solution where you sell your accounts receivables, i.e. outstanding invoices, to a factoring company for immediate funding. This means you do not have to wait the 30-90 days for payment. Factoring companies provide billions of dollars to a wide range of industries - from multi-million-dollar corporations to small privately held construction companies each year.
Factoring provides an immediate source of cash flow for your company. Because can choose where the money is needed most, it can be used to take on more or larger projects, to meet payroll, pay taxes, replenish inventory, increase advertising, purchase equipment, improve your credit rating, and so much more.
When we purchase an invoice, we advance you a percentage of the face value. This advance rate amount varies based on the situation, your needs, and an overall risk assessment of your client. Generally, you will receive up to 80% right away, then receive the remaining reserve (less fee) after we receive your client's payment. We are 100% transparent about our fees so there are never any surprises.
When we purchase your invoice and advance a portion, the remaining 20-30% will be held in reserve. After we receive payment from your customer, that reserve is wired back to you, less our fee.
The established factoring fee is a percentage of the purchase amount and the length of time it takes to collect. The amount is determined by the risk of each invoice purchased, the pay term, and the number of invoices being factored. Because of this, any fees will be laid out during your introduction call.
It is your choice how frequently you provide invoices for purchase. Just like buying in bulk at your favorite grocery store, you can receive a discount for committing to a higher volume of invoices. When you reach out for the first time, you will be assigned an Executive Account Representative. Tell your representative your needs and they will help you understand how you get the most out of factoring for the best price.
No. Most contracts specifically define how your invoices should be prepared and when they should be submitted. We have contract experts on staff who can help you understand the requirements and help you comply with invoice formats.
No. The name on the check remains yours. You will, however, be required to change the remittance address of that check to our lock box.
Recent Successes — Keeping You Building
