Invoice Financing & Factoring for Construction.
Construction operators turn to invoice financing & factoring when mobilization capital for newly awarded contracts or heavy equipment purchases and fleet upgrades can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Invoice Financing & Factoring for construction.
Advance against unpaid progress invoices and retainage. Same-day liquidity against creditworthy GCs and owners.
For construction invoice financing & factoring placements, expect facility size of $25K – $5M, advance rate of 70% – 90% of Invoice, discount rate of 1% – 4% per 30 Days. Qualification typically requires time in business 3+ Months and customer credit Creditworthy B2B / Government.
- ◆Mobilization capital for newly awarded contracts
- ◆Heavy equipment purchases and fleet upgrades
- ◆Bridging retainage and AR collection cycles
- ◆Payroll and material costs ahead of progress draws
What to expect.
Invoice Financing & Factoring · Construction.
Advance against unpaid progress invoices and retainage. Same-day liquidity against creditworthy GCs and owners.
Most construction invoice financing & factoring placements close in 24 – 72 hours. Summit's desk routes the file to the lenders most active in this sector.
Aging report (accounts receivable summary). Sample invoices and customer agreements. Last 3 months of business bank statements.
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get invoice financing & factoring for your construction operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →