Construction Company Funding
Starting a construction company is no easy task. This is because of the considerable amount of funding needed to get started. Getting a traditional loan can be difficult, especially if you have nothing to act as collateral or the backing of well-established businesses as something a lending company can trust. This is where alternative business funding comes into play.
One of the biggest challenges in construction company funding, even for those who manage to get traditional loans, is paying off the loans with the work that is completed. This is because invoicing can take from 60 to 90 days or more to get the money from the client. This is where invoice factoring can be most helpful in generating quicker amounts of cash.
