Having the cash to meet your expenses not only allows heavy construction businesses to thrive, but it also lets you concentrate on your most critical strength: your ability to get the job done the right way. Heavy construction business expenses, such as payroll, equipment maintenance, supplies and other expenses critical to your company, must be paid with cash. Waiting 30, 60 or 90 days to receive payment from customers can have a significant negative impact on construction companies’ abilities to complete projects and prepare for their next jobs.
Accounts receivable financing provides the cash you need to grow and maintain a thriving business. Mōmentum provides accounts receivable financing for a number of construction services, including but not limited to:
- Build materials
- Concrete
- Construction equipment
- Demolition
- Electrical equipment rental
- Grading and excavation
- Heavy machinery operators
- Site preparation
Financing with Mōmentum provides a number of advantages for heavy construction businesses for a number of benefits including:
- Funding of construction accounts receivables within 24 hours
- Advances of up to 90 percent
- A dedicated Account Executive to manage your account
- 24-hour access to an online system to manage your account
- Online access to perform free credit checks on new customers