The mobilization financing program is an affiliate contract financing option that is available to commercial construction subcontractors, fabricators, and manufacturers.
What is Mobilization Financing? Mobilization financing is a funding tool commonly used by construction contractors to raise working capital to cover costs before work begins on a project or before invoicing.
Funding availability to cover operating costs for new projects, including construction bond costs and other general expenses. Generally, mobilization financing advances up to 10% to 20% of the contract amount.
TYPICALLY
- In business two or more years
- Gross annual revenue of $1M or more
- 3 or more active projects
INITIAL PAPERWORK
- 6 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 Corporate Tax Returns filed for the business
- A copy of the Contract(s) for each project you are seeking funding for (if bidding on a project no need to submit for now)
- 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 receivables/invoices.
Our construction financing facilities can provide subcontractors peace of mind knowing that they will have the necessary capital to operate with confidence and the option to take on larger projects and/or complete existing projects on schedule and within budget.
For more information, please submit the Online Form.
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