Factoring for construction industry subcontractors

Factoring companies have tended to turn their noses up at the idea of offering factoring facilities to subcontractors in the construction industry but there are one or two factors that have an interest in this area even if the company is operating under the terms of JCT certificates and issuing “Applications for Payment” instead of invoices.

There is even a confidential factoring facility available that can be used in cases where the main contractor refuses to deal with a factoring company.

A couple of factoring companies go so far as to have a special "construction" department with access to a range of construction professionals including quantity surveyors, who can manage contractual disputes on their behalf.

We have arranged factoring for electrical contractors, flooring contractors, roofers and scaffolding companies already this year and only place business with those factoring companies that embrace the construction industry wholeheartedly and not those that may consider it at the moment but are likely to change their minds in the future.
 

There are four interesting case histories showing how this type of specialised finance helped four completely different companies.

There are no charges for our services and you have our guarantee that we will only introduce you to one of the few factoring companies that actually perform.

For an informal chat, please contact Factoring Solutions without any obligation whatsoever