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 prior to invoicing. Funding availability to cover operating costs for new projects, including construction bond costs and other general expenses.
Financing may be subject to contractors being pre-approved by a qualified sub-contractor assessment process such as Subguard. Generally mobilization financing advances up to 10% of the contract amount and up to 85% on issued invoices, and a total of 40% of contract amount.
Our other financing options include construction receivables factoring which allows contractors and sub-contractors the option to raise capital on their accounts receivables / invoices.
Our construction financing facilities can provide contractors 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.1 (800) 317-4933 quick quote