FK Construction Funding
"financing to the construction industry"
FK Construction Funding, a division of FACTOR KING® provides cash management and funds control solutions that are custom tailored to the construction industry. In addition to the traditional cash management services of advancing funds, FK Construction Funding will pay all of your suppliers, vendors and sub-subcontractors via joint check and forward the balance to you for payroll or other operating expenses. The following is a summary of FK Construction Funding’s Cash Management Services;
Cash Management Services:
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Cash Flow Forecasting: A FK Construction Funding specialist will analyze your anticipated billing schedule and assist you in determining the best financing options.
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Customer Credit Analysis: FK Construction Funding performs extensive credit analysis on your customers for all financed jobs and monitors credit risk.
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Legal Review of Contracts: FACTOR KING® attorneys specializing in construction can review subcontractor/contractor agreements and provide a summary report before your company commits to a project.
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Lien Law Compliance: FK Construction Funding manages all of your pre-lien and lien filings throughout the United States. By utilizing our services you will not only save money but more importantly gain a level of comfort knowing a 3rd party is keeping up to date with state Lien Laws.
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Lien Release Management: FK Construction Funding manages and secures all required releases from subs, suppliers & vendors, relieving your employees from this time consuming task.
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Receivable Processing: FK Construction Funding processes all payments received & retains historical data for your tax and accounting needs.
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Hourly Payment Reporting: All financed payments are reliably collected and imaged multiple times daily through our secure national lockbox service and promptly reported.
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Real Time Data: FK Construction Funding provides live reporting of accounts receivables, factoring fees, and balance owed keeping you fully informed 24 hours a day 7 days a week.
Funding Benefits
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Sign Up Larger Jobs: Expand & grow your company by taking on larger more profitable jobs. FK provides immediate access to the capital you need to fund your growth.
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Subs & suppliers Paid: Pay subs, vendors & suppliers within days (instead of months). Improve your relationship with your subs, vendors & suppliers and enjoy the benefits of an improved credit rating with your suppliers.
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Better Supplier Pricing: Receive pay early discounts and increased credit lines by having FK pay your subs, vendors & suppliers via joint check within days of being invoiced. Most suppliers, subs & vendors give substantial discounts for paying early.
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Meet Weekly Payroll: Eliminate the stress and headache of trying to make payroll on large capital-intensive jobs. Enjoy the piece of mind knowing that all expenses associated with the job you have financed are being paid by FK.
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Increase Growth without Debt: FACTOR KING® is a non-recourse finance company so enjoy the large credit line without the burden of having debt on your balance sheet.
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Project Finance Pre-Approval: FK finances the entire job from start to finish. We take on the capital burdens of funding the job so you can do what you do best.
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Steady Cash Flow: FK Construction Funding program allows small growth companies (with annual sales of $1.0-$10.0 million) to stabilize their companies and create a business with predictable cash flow.
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Minimize Project Gaps: By being consistently funded you can start a new project without having to wait for payment because FK Construction Funding has you covered.
So what are you waiting for? >> Apply now!
It's free! And there is no obligation!!