We are looking for experienced, reputable firms with a defined industry specialization, a healthy backlog of work, and the potential to grow. They must be capable of providing accurate financial and job status reporting. Ownership should have a clean background and decent credit. However, we are most concerned with your the creditworthiness of the your customers.
Because of the statutory concerns regarding construction receivables, application standards in this industry are higher than in traditional factoring. Companies with tax liens, extremely delinquent payables, or unresolved operational problems that are likely to result in continuing losses and negative cash flow may not qualify for this program. However, we are willing to look at your books and try to help.