Construction Finance
Slow Paying Clients Shouldn’t Slow You Down.
Construction Project Finance
Are you challenged with 30-60-90 day collection terms? We provide innovative financing solutions to alleviate your cash flow needs.
► Greenback provides custom and flexible financing solutions which are tied to your accounts receivable. We specialize in turning your accounts receivable into cash.
► We are experts in providing funding for ‘Progress Billing’ and ‘Paid When Paid’ jobs.
► We work with both established and young companies. Our credit underwriting standards are tied to the quality of your work and your client’s creditworthiness - not your assets.
► Our underwriting is all in-house. Deal directly with the decision makers - not outsourced brokers.
► We offer rapid funding and can close a funding facility in as little as two days. Our rates range from 0.89%-1.75% per progress billing.
Materials Financing
Are you required to purchase materials upfront only to bill for them a month later? With Greenback’s materials financing program, we can purchase the materials upfront on your behalf and you will receive extended payment terms to pay Greenback Capital.
► Order the materials you need to stay ahead of schedule.
► Take on larger jobs without putting a strain on your cash flow.
► Take advantage of vendor early payment discounts and improve your supplier relationships.
► We offer rapid funding as we can close a funding facility in as little as two days. After close, we offer same day funding. Our rates range from 0.89%-1.69% per progress billing.
Are you waiting on invoices for work that was completed weeks ago?
If you are a commercial contractor and work on a progress billing or ‘paid when paid’ schedule, you know all to well that it can be weeks before you are paid for completed work.
Example: If you have an outstanding $100,000 invoice, we are able to provide you with immediate funds equal to 80% of the invoice (i.e. $80,000). With this access to immediate cash you are able to pay subs & suppliers, meet payroll, and have the liquidity you need to grow your business without having to wait on payment from your clients.
Do you need to pay your suppliers to take advantage of prepayment discounts or obtain lien waivers?
Greenback Capital can purchase the materials you need immediately and gives you extended terms to pay it back. By doing so, you can order materials sooner so you can work faster, invoice sooner, and stay on or ahead of schedule.
Do you simply require a more organized efficient back office?
If needed, we offer affordable back office support. We can assist with: accounting, A/R & A/P management, waiver and lien management, insurance, etc.
A Finance Company for Contractors Founded by a Contractor.
John began his career as a subcontractor at Texas Industrial Floors and sat on the board of the American Subcontractors Association for three years. He has been able to use his experience and construction expertise to design financing programs that cater to other sub contractors.
“John and Team have been a pleasure to work with. Greenback Capital has always stepped up to the plate and provided us with funding on our big ticket jobs. John is always seems to bring a unique perspective and expert advice given his background in construction.”
