Construction - Funding - Factoring
Construction
Funding a construction firm is considered one of the more challenging tasks in the world of finance. But there are solutions. The payment terms are often unfavourable in an industry which can often include multiple layers of contractors and subcontractors, forcing you to wait 30-120 days to receive payment from work which you have already completed.
Immediate Access to Cash
This can stop even the most profitable firms from getting on with the next job and growing their business. Having immediate access to this cash will allow you to pay for staff, materials, equipment hire and other suppliers required so you can bid more competitively on those large upcoming projects. Just what you need when margins are already tight.
This cash flow solution comes in the form of invoice factoring which will help you increase the size of the projects you can take on. Construction factoring allows you to effectively advance the major part of the payment(s) you are expecting to receive from a job you have completed so you don't have to wait the full 30-120 days and can get on with funding the next project.
How does Invoice Factoring work?
Invoice Factoring provides you with both the cash you need to make more sales and the time you need to make those sales. Here's how it works:
Step 1 (Invoice) - You raise an invoice with a customer, containing information on how much the customer needs to pay and in how many days.
Step 2 (Cash Advance) - You send a copy of this invoice to the invoice factoring lender, who may send over up to 100% of the value of the invoice, often all occurring within 24 hours.
Step 3 (Growth) - You now have the cash available to cover the costs of your next job, cover staff costs and pay for any other materials you may need to grow your business sales.
Step 4 (Repayment) - Being an invoice factoring facility, you will not have to do much else. The lender will collect the payment at the previously agreed date from your client and send over the remaining value of the invoice you did not initially receive, minus pre arranged fees.
Highly flexible and tailored to your needs
What's more, this theory can be used for invoices, applications for payment and retention ledgers. Fill in the quote form on this page to learn more about construction factoring from the experts in business funding. There is no charge for using our service.
More reasons to go through Milestone - Construction Finance
Our tailored approach means you have the flexibility to find a solution which is right for your construction company. Our consultants will ensure you get the best service from the right lender for your situation. Some of the other useful services which can be included in construction finance include:
Bad Debt Protection - You will always be paid on time as the lender will provide you with the cash you are expectin. It protects you just in case your customer goes insolvent in these difficult times.
Management and Collection Facility - We can find you an experienced construction finance lender who can take on the responsibility of managing and collecting any outstanding contract debts, saving you time and money. The decision to include this in your facility is up to you and we can provide quote with and without it included.
Confidential Service - We understand that your customer relationships are important for generating further business. Our lenders ensure these relationships are kept in the highest priority by offering a confidential construction finance service. Your customers will never need to know you are using a facility.
Dedicated Quantity Surveyors - We have special relationships with lenders that offer dedicated quantity surveyors ensuring everything runs smoothly whilst receiving payments for a job well done.
Solve common industry problems - By sourcing you the best fit funding you need, we can help fund your project costs; provide cash for new equipment or tools; and help to pay off suppliers earlier so you can benefit from economies of scale discounts you may previously have not received.
http://www.milestonefunding.co.uk
Funding a construction firm is considered one of the more challenging tasks in the world of finance. But there are solutions. The payment terms are often unfavourable in an industry which can often include multiple layers of contractors and subcontractors, forcing you to wait 30-120 days to receive payment from work which you have already completed.
Immediate Access to Cash
This can stop even the most profitable firms from getting on with the next job and growing their business. Having immediate access to this cash will allow you to pay for staff, materials, equipment hire and other suppliers required so you can bid more competitively on those large upcoming projects. Just what you need when margins are already tight.
This cash flow solution comes in the form of invoice factoring which will help you increase the size of the projects you can take on. Construction factoring allows you to effectively advance the major part of the payment(s) you are expecting to receive from a job you have completed so you don't have to wait the full 30-120 days and can get on with funding the next project.
How does Invoice Factoring work?
Invoice Factoring provides you with both the cash you need to make more sales and the time you need to make those sales. Here's how it works:
Step 1 (Invoice) - You raise an invoice with a customer, containing information on how much the customer needs to pay and in how many days.
Step 2 (Cash Advance) - You send a copy of this invoice to the invoice factoring lender, who may send over up to 100% of the value of the invoice, often all occurring within 24 hours.
Step 3 (Growth) - You now have the cash available to cover the costs of your next job, cover staff costs and pay for any other materials you may need to grow your business sales.
Step 4 (Repayment) - Being an invoice factoring facility, you will not have to do much else. The lender will collect the payment at the previously agreed date from your client and send over the remaining value of the invoice you did not initially receive, minus pre arranged fees.
Highly flexible and tailored to your needs
What's more, this theory can be used for invoices, applications for payment and retention ledgers. Fill in the quote form on this page to learn more about construction factoring from the experts in business funding. There is no charge for using our service.
More reasons to go through Milestone - Construction Finance
Our tailored approach means you have the flexibility to find a solution which is right for your construction company. Our consultants will ensure you get the best service from the right lender for your situation. Some of the other useful services which can be included in construction finance include:
Bad Debt Protection - You will always be paid on time as the lender will provide you with the cash you are expectin. It protects you just in case your customer goes insolvent in these difficult times.
Management and Collection Facility - We can find you an experienced construction finance lender who can take on the responsibility of managing and collecting any outstanding contract debts, saving you time and money. The decision to include this in your facility is up to you and we can provide quote with and without it included.
Confidential Service - We understand that your customer relationships are important for generating further business. Our lenders ensure these relationships are kept in the highest priority by offering a confidential construction finance service. Your customers will never need to know you are using a facility.
Dedicated Quantity Surveyors - We have special relationships with lenders that offer dedicated quantity surveyors ensuring everything runs smoothly whilst receiving payments for a job well done.
Solve common industry problems - By sourcing you the best fit funding you need, we can help fund your project costs; provide cash for new equipment or tools; and help to pay off suppliers earlier so you can benefit from economies of scale discounts you may previously have not received.
http://www.milestonefunding.co.uk
