Construction Factoring offers cash advances against invoices, progress billing, and construction line items payments. Improve cash flow today to meet payroll, obtain material advances, and help take on new projects. As a General Contractor we have strong industry knowledge of this process, progressive billing, conditional releases, bonds, and retention etc. allows us to provide various funding options for you.
If your creditworthy customers are paying slower than you can afford to wait don’t take on undue risk of missing payroll or delay paying your bills. Marathon can get you the funds you need today at a reasonable affordable rate.
Construction Finance Benefits
- Speed – Funding within 24 hours of approved invoices – you don’t have to wait to be paid.
- Expertise – As a general contractor for 30 years Marathon has the experience working with sub-contactors, bonds, retentions and material providers in the construction industry. We understand the need for capital to smooth out the cash flow bumps from slow paying debtors.
- Privacy – We understand! Marathon is extremely aware and sensitive to your relationship with your customers. Together we will design a notification process for your clients.
How does Construction Factoring work.
Step 1: Send Invoices
Send invoices of your choice for funding.
Step 2: Receive funds
We complete a credit review of your customers, confirm completion of work, and fund you immediately.
Step 3: Customer payment
Once we receive payment from your customers we will pay off the funds advanced less our fee, and rebate the balance to you.