The construction industry is one of several sectors that can benefit tremendously from invoice factoring. No longer is the sub-contractor, or construction company, required to wait for payment before starting on the next phase of a project, or begin construction on a new project.
With invoice factoring, the sub-contractor or construction firm can realise quick turnaround (often within 24 hours) on accounts receivable or progress claims due for completed stages of a construction project. That's right, with construction invoice factoring, the construction company, or sub-contractor, can be paid virtually overnight for these invoices (accounts receivable) thus speeding up cash flow and improving the company's ability to start immediately on the next phase of construction.
IFG is one of the few factoring companies willing to provide construction factoring. In fact, IFG welcomes construction invoice factoring and would love to discuss with you just how easy it is to get the cash you need without a lengthy and frustrating lending process.
So, if you, or your construction firm is interested, or in need of, short term financing against completed construction jobs, or desires immediate payment for finished project stages, ring us on 1300 957 900 or fill out a brief enquiry form to get started. That's right, immediate working capital is available now.