What is Mobilization Funding?
Mobilization Funding Can Greatly Benefit Construction Projects
What is Mobilization Funding?
Mobilization funding is a financial tool used for commercial projects that assists construction subcontractors, manufacturers, and fabricators by covering project costs before the project begins.
It is specifically designed to help these companies manage expenses related to labor and materials before starting work.
Mobilization funding provides an advance of 10% to 20% of the total contract amount to cover labor and materials before work is converted into receivables.
The underwriting process considers the entire cash flow cycle of a project. It can also support projects during the work-in-progress phase. Additionally, vendors are paid directly to help ensure that projects stay on schedule.
More Information
For more information on how mobilization funding can greatly benefit construction projects, please reach out to us using this simple form. A representative for your area will get back to you promptly.
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