Industries
Construction
Turn your receivables into cash today. Why wait 30, 60 or 90 days when you don’t have to?
Construction invoice factoring turns your outstanding invoices into fast cash by partnering with a factoring company like MyFactor. Factoring keeps your cash flow steady and hassle-free, which is vital for the success and growth of your construction company.
Who we fund
- General contractors
- Subcontractors
- Trade contractors (electrical, plumbing, HVAC)
- Concrete, framing and site work
What is construction factoring?
Construction invoice factoring is a financial solution where your business sells its unpaid invoices to a factoring company, like MyFactor, for an immediate advance, typically within 24 hours. Instead of waiting 30, 60, or 90 days for customers to pay, you get the cash flow to cover operating expenses, purchase inventory, pay employees, and invest in growth.
Built for how construction bills
Pay applications, retainage and slow-paying GCs are normal in construction. We fund approved invoices and approved change orders, so your crews and suppliers are paid while the GC’s payment cycle runs its course.