SPECIALIZED PROGRAM FOR CONTRACTOR FINANCING
LDG Business Funding has an association with a nationally recognized provider of value added accounts receivable financing whose contractor financing programs are specially designed to finance contracts with local, state and federal government agencies. They utilize the good credit of the entity ordering the products or services to finance the contractor or vendor who otherwise cannot take on the contract. Once the contract has been awarded they can provide you with a line of credit that will help you to properly execute these public works contracts. The contractor wins by accepting and executing new business opportunities that will take them to the next level. They work with companies throughout the United States and Canada with financing needs from $100,000 to $1,000,000 and more.
They offer creative solutions for businesses and can work with situations such as:
- Short time in business/startup
- Poor credit history
- Tax liens
They are able to coordinate a host of related contractor services such as:
- Project Management
- Construction Mentoring
Additionally, their Resource Monitoring Service, which is the outsourcing of accounts payable, reassures lenders, surety bond companies, property owners, developers, contractors and subcontractors that monies intended to pay bills for a specific project are used for that project. The financial progress of the project is closely monitored and provided with timely cost status reports that keep everyone informed. This service is often used when a contractor is having difficulty obtaining financing or a bond. Surety companies, lenders and owners are now provided additional reassurance with this service that the project will remain financially stable.
By using Resource Monitoring Services, you can:
- Take advantage of the additional credit often unavailable
- Minimize, and often eliminate, additional credit control requirements
- Streamline in house accounting functions
- Evaluate the financial status of a project through the reports provided with each draw
- Negotiate prompt payment discounts with your suppliers, directly increasing your bottom-line
Contact LDG Business funding to find out how our Contractor Financing programs may benefit you.