Often the biggest challenge sub contractors have is paying for the early stages of a job. In many cases, the lack of access to money results in a sub passing on a great project opportunity.
We now have a solution for eligible sub contractors! A top lending partner provides up front funding which allows for the financing of material, equipment, payroll, suppliers and vendors.
The application process is easy and includes the following; 1) A short one page application, 2) A copy of your most recent business tax return, 3) A copy of the contract or purchase order for the project, 4) copies of the past 4 months of business bank statements. The funding process typically takes 5 business days after the application has been received.
A typical loan is not more than 20% of the total project contract value and ranges from $20,000 to $1,000,000. The average repayment is within 5 months, and aligns when the first 2-3 pay apps are paid out on the project.
To request an application, or get your questions answered on sub contractor financing, email me at firstname.lastname@example.org, or call my office at 312 582 0929.