Construction Financing


 
For the most part it is very difficult to get financing for construction projects except in some cases for residential home building.
Prime Contractors and Sub-Contractors working on commercial construction projects have very few financing options, and so it can be very hard to make payroll, taxes, pay vendors or carry-on with the daily operating costs of running the business.
 
Banks don't understand lien laws, progress billing, retainage or many other things that are common to construction, so they consider it very risky to finance.
 
Fortunately, there are a growing number of financing programs for anyone from the Prime to the Sub of a Sub! The greatest number and variety of programs deal with the sale of invoices created by the borrower, however there are a lot of other options, too, including 100% Large Project Financing for projects over $10 Million.  Following, is perhaps one of the most innovative approaches to funding in not only construction, but nearly ANY Business to Business (B2B) application!

Following, is perhaps one of the most innovative approaches
to Funding Buyers or Vendors in nearly ANY Business to Business (B2B) application!
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As outlined in our TADs overview page, the eTACH program is a receivables and payables solution!  Integrating eTACH’s unsecured solution for both purchasing and selling, a company is able to achieve the following benefits:

1)         Unsecured Lending
a.         Use eTACH when and where you see fit – finance slower paying customers or extend B2B purchases up to 6 months.
b.         Access working capital financing without signing security agreements

2)         Competitive Rates
a.         Using eTACH’s Holder (bank) syndicate, you can access competitive financing by accepting the least expensive bank.
b.         Signing eTACH’s Master Agreement, you are able to receive many competitive bids without concern for additional legal review.

3)         Targeted Credit Insurance
a.         Given eTACH’s approach to B2B trade you enhance the quality of trade reducing the risk open trade (or conventional invoicing); thus,
b.         You are able to receive non-recourse financing on marginal risk customers.
c.         And access broader credit insurance coverage.

4)         Fee Negotiation
a.         You and your customers or vendors are able to share costs related to eTACH where the common settlement strategy is;
b.         The Buyer pays the bank fee for terms and;
c.         The Sellers pays eTACH’s processing fee.
d.         By sharing fees, both parties are able to settle trade (immediate payment to seller and terms to buyer) that meet both party’s budget.
 
5)         Improved Cash Flow
a.         Immediate payments to Sellers.
b.         Payment terms to Buyers up to 6 months.

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For more information on Construction Financing Options or to get started with Cash or a Credit Line, Call us at: (407) 522-0133 or E-mail us at rdfoster@worldnet.att.net


...Or, you can go directly to the Secure Link at  eTACH to either BE Contacted, or to
Securely Enroll as a Buyer or Seller (with no obligation) and see if your company qualifies!

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