Mobilization funding
Mobilization funding solutions | $1,000,000 minimum
Mobilization funding product is an affiliate option that provides contract financing to commercial construction subcontractors, fabricators, and manufacturers, generally advancing up to 10% to 20% of the contract amount.
What is Mobilization Funding? Mobilization funding is an option construction contractors use to secure capital to cover costs before work begins on a project or before invoicing. Working capital for new projects covers the cost of construction bonds and other general expenses.
Funding may be contingent on a contractor pre-approved by a qualified subcontractor assessment process such as Subguard.
TYPICALLY
- Two or more years in business
- Minimum of $1 million in gross annual revenues
- Minimum of 3 active projects
INITIAL PAPERWORK
- Last 6 months of business bank statements
- Year-end Income Statement and Balance Sheet last two years
- The last 2 Corporate/Business Tax Returns
- Overhead & Debt Schedule (we'll provide a template)
- Copies of contract(s) for projects you are seeking funding for (if bidding on a project no need to submit for now)
- A/P and A/R Aging Reports
- Copy of the Company's General Liability Insurance Certificate
- Articles of Incorporation/business formation documents, SS4 IRS form, and Driver's License for each owner
For more information, please submit the Online Form.
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