Construction Factoring

Your General Contractor is waiting to get paid from the Owner. You are waiting to get paid from the General Contractor or a subcontractor. You need commercial construction financing now to:

• Make payroll
• Pay a supplier to get discounts
• To start a new job

J&D Financial can help your firm through our construction factoring program. Over the years we have provided commercial factoring to contractors and subcontractors. We have supplied commercial construction financing through the factoring of receivables to window and door manufacturers, concrete providers, heating repair and installation, electricians and others.

Because of mechanic lien laws, suppliers have certain rights. Commercial factoring of construction receivables requires additional work on your part and your customers’ part. If you have a potential construction deal that you want construction project financing by factoring receivables please do the following: Do not call J&D Financial about construction factoring. Instead, first print out the Construction Verification Form (click here) for your construction project financing . This is an Adobe Acrobat PDF file. If you don’t have Adobe click here for the download.

If you are a subcontractor, show it to your General Contractor (GC) and see if the GC will sign when J&D Financial (they do not sign now) sends it to them.

The person who must sign this construction factoring verification form cannot be the project manager but a person in authority who can order payment of your invoices or who signs the checks. .

Usually this person is the Controller, Chief Financial Officer or President of the General Contracting firm. This form says that the GC will pay J&D Financial in full per terms without any disputes or deductions regardless of your state specific mechanic lien laws, your contract with the GC or if you owe money to any suppliers.

If the GC will not sign this form we cannot factor your receivables. If the GC will sign this form we will consider factoring your receivables.

Once you get approval from the GC then please review our construction factoring guidelines (click here).

If you feel you can do these additional steps then please present to us documents needed from the Factoring Application Page (click here) with a non-refundable $500 application fee.

J&D Financial funds construction receivables only in the United States.