Mobilization funding is a financing option that helps commercial construction subcontractors, fabricators, and manufacturers cover project costs before the project commences.
Funding Before the Project Begins
- Funding for labor and materials before work is converted into receivables
- Underwriting takes into account the entire cash flow cycle of a project
- Funding that supports production during the work-in-progress phase
- Direct payments to vendors ensure that projects stay on schedule
- Funding provides advances ranging from 10% to 20% of the total contract amount
This early infusion of capital enables subcontractors, manufacturers, and fabricators to purchase necessary materials, secure labor, and manage cash flow effectively. As a result, they can ensure timely project completion and maintain strong relationships with both general contractors and clients.
Proactive Approach
This proactive approach not only streamlines operations but also enhances the overall efficiency of the construction process. By alleviating financial pressures upfront, these companies can focus on delivering quality work without the distraction of funding constraints.
What is mobilization funding?
Mobilization funding is a financing tool often utilized by construction companies and subcontractors to obtain working capital. This type of funding helps cover expenses that occur before a project starts or before invoicing takes place.
Basic Criteria
- In business for at least two years
- Minimum $1 million in gross annual revenues
- At least three active projects
Initial Paperwork
- Six months' 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
- Submit a copy of the contract(s) for each project you are seeking funding
- 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
More Information
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