Construction invoice factoring with CapitalPlus is simple!
Construction invoice factoring is a relatively simple process. You sell your unpaid invoices to us. We provide you with a percentage of its face value, typically 80%.
After your client pays, we will subtract our factoring fee and send you the remainder. Simple and no waiting for months!
Use your factoring money where you need it!
When you decide to take advantage of construction invoice factoring from CapitalPlus, you can use the money how you see fit:
- pay bills
- make the company payroll
- pay your contractors and subcontractors
- hire new employees
- pay operating expenses
- pay for materials and supplies
- pay back taxes
- compete for future work
The choice is up to you!
Invoice factoring: a smart solution for many construction companies
Unlike traditional loans, invoice factoring can be a great option in certain situations. Typical circumstances where your construction businesses should entertain it:
- You have cash flow challenges — invoice factoring can unlock your “financial handcuffs” when waiting for slow-paying customers.
- You want funds to strategically grow — knowing that you can swiftly access a predetermined sum of money when needed allows you to bid on and undertake larger jobs that others might not be able to.
- You focus on commercial construction — trying to factor invoices when you focus on the residential sector can be difficult, which is why we exclusively support commercial construction.
- You have a limited credit history — your credit history is NOT the determinant in our invoice factoring, so new businesses or ones with less-than-perfect credit are often great candidates.
- You’ve researched your options — you have shopped the others and know how dangerous MCAs can be and that bank loans are not available.
What makes CapitalPlus unique from other factoring companies?
For over 25 years, our mission has been to financially support the construction industry. Compared to other, generic factoring companies, our team has been carefully chosen to include highly educated and experienced professionals with construction and finance knowledge. This helps us understand your unique challenges and build tailored solutions designed to support your goals.
We are not a giant, impersonal corporation or a cold, faceless mobile app. We are only successful if you’re successful, and that’s why we take pride in providing tailored, individualized service. If our funding options aren’t a perfect fit, we’re always happy to recommend other construction factoring companies that are… of course only ones we have built a trusted relationship with and believe are a better solution for your situation.
So, there’s really little to lose by reaching out to us. Give us a call at 865-670-2345 and get a free quote today!
We are waiting to talk to you about how construction invoice factoring can quickly help you get control of your business’s cash flow.
This request will not impact your credit.
We Fund the Construction Industry
There are many other invoice factoring companies out there. Large and impersonal, you are probably just a number to them. But because we only work with construction companies, we know your specific problems and goals. We have decades of experience factoring construction invoices and empowering general contractors and subcontractors across many sub-trades including but not limited to:
- Concrete Suppliers and Contractors
- Directional Drilling
- Excavation and Hauling Services
- Interior Finish Specialists
- Mechanical Heating and Cooling
- Painting Contractors
- Paving and Seal Coating Companies
- Plumbing Companies
- Roofing Companies
- Structural Steel Fabricators
- Underground Utilities Contractors
Factoring amounts from $50,000 to $10 million.
Funding as soon as 48 hours after approval.
No monthly minimum revenue requirements.
Fast decision-making with on-site underwriting.
No long-term contract requirements.
100% transparent fee structure: no "nickel and diming" or surprises.
We can factor bonded work, Pay-When-Paid contracts, or progress billing.
We can work with banks, PO, and ABL lenders
We are here to answer your construction invoice factoring questions.
Our funding experts are ready to help you get control. Contact us at 865-670-2345 today or request a call.Request a Call
If you are new to factoring or CapitalPlus Financial Services, we hope that we can give you the information you need to make the best decision for your company’s working capital needs.
Factoring is selling the right to payment of receivables or invoices to a factoring company for a small discounted rate. This allows you to not have to wait the normal 45-60 days for payment. Factoring provides billions of dollars to a wide range of companies - from multi-million-dollar corporations to small privately held companies each year.
It provides an immediate source of cash flow for your company to use as you see fit. The money 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 as our client, and an overall risk assessment. Generally you will receive 70-80% up front, then the remaining reserve (less fee) after your client pays. We are 100% transparent about our fees so you will never be surprised.
When we purchase your invoice, we will typically advance a portion of the invoice and hold the remaining in reserve. After we receive payment from your customer the reserve is wired back to you, less our fee.
You provide CapitalPlus with the original invoice and purchase order or contract, and we advance you a percentage of the amount that will be paid to you by your customer. The percentage that is not included in the advance is held in what we call the reserves. When CapitalPlus collects the total amount due on these invoices from your customers and refunds we send you the reserve balance 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 driven by the risk of each purchase, the pay term, and the number of invoices being factored. You will know the fee before agreeing to anything.
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 we will help you understand how you get the most out of factoring for the best price.
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.
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 and other issues.