Mobilization financing is a valuable funding option for commercial construction subcontractors, fabricators, and manufacturers because it provides funding before the project begins. Typically, this financing offers advances that range from 10% to 20% of the contract amount.
This financial support allows subcontractors to cover initial project costs, such as purchasing materials and securing labor, without straining their cash flow. By alleviating upfront financial burdens, mobilization financing can help ensure that projects proceed smoothly and on schedule.
What is mobilization financing?
Mobilization financing is a funding tool commonly used by construction companies and subcontractors to secure working capital. This funding helps cover expenses incurred before a project begins or before invoicing occurs.
Basic Criteria
-
In business for two or more years.
-
Gross annual revenue of $1M or more
-
Three or more active projects
Initial Paperwork
-
The six most recent business bank statements
-
Last two-year-end income statement and balance sheet
-
Overhead & Debt Schedule (we'll send you the template)
-
The last 2 business tax returns filed for the business
-
Please provide a copy of the contract(s) for each project for which you are seeking funding; however, if you are currently bidding on a project, there is no need to submit it at this time.
-
A/R and A/P Aging Reports
-
Copy of the Business General Liability Insurance Certificate
-
Articles of Incorporation, SS4 IRS form, and the driver's license for each owner
Receivables Factoring
Our other financing options include construction receivables factoring, which allows subcontractors the option to raise capital on their accounts receivable/invoices.
Our construction financing facilities assure subcontractors of having the necessary capital to operate confidently, enabling them to take on larger projects and complete existing projects on schedule and within budget.
more information