Posts by Dia Sawyer

Construction Finance Success Story No.07

November 20, 2017 Uncategorized 0 Comments

Construction Finance Funds 150k to Security and Fire Protection Contractor. This contractor had a limited line of credit at his bank. C

Construction Factoring Success

Construction Finance Funds 150k to Security and Fire Protection Contractor. This contractor had a limited line of credit at his bank. C F paid off the line and offered much more working capital to the client.

ConstructionFinance.com

john@constructionfinance.com or 870-277-4171

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Mowing and Brush Contractor goes months with ZERO business

November 18, 2017 Uncategorized 0 Comments

At Construction Finance, NO monthly minimums are required! Construction Finance funds a large Mowing/Brush Contractor with a 300k facility.  This

mowing contractor in winter

At Construction Finance, NO monthly minimums are required!

Construction Finance funds a large Mowing/Brush Contractor with a 300k facility.  This client chose our firm because we require NO monthly minimum fundings.  As a mowing contractor, he has months with zero business.
Some other finance companies wanted to charge a monthly minimum to “keep him on the books”.  Here at Construction Finance, he’s able to choose which months he needs funding.  This means that during his busy months, he can get the financing he needs, but on his off months, he pays NO fees.
Tara “Tipper” Coker, Esq.
www.constructionfinance.com
Tel 870 277 0658 Fax 870 451 8154
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Construction Finance Success Story No.06

November 17, 2017 Uncategorized 0 Comments

Construction Finance approves 300k funding facility to Ready Mix Plant in TX. This Concrete plant is able to take advantage of

Construction Factor Success

Construction Finance approves 300k funding facility to Ready Mix Plant in TX. This Concrete plant is able to take advantage of deep discounts with aggregate/sand/ash suppliers by partnering with Construction Finance.

ConstructionFinance.com

john@constructionfinance.com or 870-277-4171

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Hidden Benefits of Factoring

November 15, 2017 Uncategorized 0 Comments

Hidden Benefits of Factoring Here at Construction Finance, we do far more for our clients than just advancing them the

Hidden Benefits of Factoring

Here at Construction Finance, we do far more for our clients than just advancing them the money they need to pay for labor and materials.  While that is the primary benefit of factoring, one hidden bonus is that we’re in the business of making sure everybody gets paid.  By reviewing the contractors you will be working for, and proactively protecting your lien rights, we help ensure that you’ll be able to collect the money that you’ve worked so hard to earn. This is just one of the many benefits of using us for your growing company’s needs.
Tara “Tipper” Coker, Esq.
www.constructionfinance.com
Tel 870 277 0658 Fax 870 451 8154
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What Does Increased Economic Growth Mean for Construction Profits?

November 13, 2017 Uncategorized 0 Comments

What Does Increased Economic Growth Mean for Construction Profits? After years of slow economic growth following the 2007 economic downturn,

construction profits

What Does Increased Economic Growth Mean for Construction Profits?

After years of slow economic growth following the 2007 economic downturn, the economy is finally showing sustained growth. Revenue numbers in the S&P 500 are now higher than they have been in years, and US consumer sentiment is at a 17 year high, topping even pre-recession levels of consumer confidence.

The Wall Street Journal speculates that this growth means corporate profits may begin to slow, due to increases in labor and material costs offsetting growth. As Economy Gains Strength, Companies Sell (and Spend) More

This presents an important question for the construction industry: Will we too see stagnating profits even the face of overall growth?

Without a crystal ball, it’s impossible to know. It is likely that a strong global economy will drive up the cost of materials, and right now, Europe is enjoying decent growth.

However, as everyone who’s worked construction knows, hiring construction workers is an entirely different ballgame from hiring accountants or salespeople. Often, traditional employment metics have little relation the nuts and bolts realities of our jobs, and the things driving up labor costs for Goldman Sachs don’t have much bearing on our lives.

Only time will tell, of course, but I predict that we’ll see construction profits continue to increase–good news for those of us who’re already working with tight margins!

Tara “Tipper” Coker, Esq.
www.constructionfinance.com
Tel 870 277 0658 Fax 870 451 8154
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Factoring in Fall! YES! Please!

September 13, 2017 Uncategorized 0 Comments

Hello FALL and cooler temps! The construction industry is back and getting stronger than ever. Commercial contractors are striking while the

Construction Factoring 2017

Hello FALL and cooler temps! The construction industry is back and getting stronger than ever. Commercial contractors are striking while the iron is hot. With more projects than ever, commercial contractors have a golden opportunity. With Construction Finance, contractors can take on larger projects and pay suppliers and payroll faster than ever before. The hidden gem of construction factoring is LONG overdue. Industries such as medical, staffing, trucking, and many others have relied on accounts receivable factoring for years to help them grow. Finally, contractors can use invoice factoring as well in the BOOM time for the commercial construction industry.

A recent Construction Finance Success Story: 250k Facility to Electrical Contractor

Electrical Contractor was doing 20-30k monthly just over a year ago. He was offered a large Industrial Time and Materials Maintenance contract. After receiving a $250,000 factoring facility from Construction Finance to be able to support his increased labor costs, this contractor is now doing nearly $3 million annually.

Are you tired of turning down construction prospects because they tend to be too complicated or messy? We have over 20 years experience in the construction business coupled with over 30 years in invoice finance. We personally fund 100% of our clients and are committed to providing your referral prospects with quick responses.

Check out our broker referral agreement and our client application. You can learn more about us at our website or contact us today.

John Sawyer (Owner), Rachael Diaz (Office Manager)

and Iris Feng (Underwriting Manager)

Construction Finance Dream Team

P.S. We also have great introductory videos for you to share with your prospects about how construction factoring works. See them all here.

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Construction Finance Success Story No.05

September 11, 2017 Uncategorized 0 Comments

Construction Finance Success Story No.05 MO Demolition Contractor receives 250k funding facility from Construction Finance.   With Construction Finance, this

Construction Finance Success Story No.05

Construction Finance Success Story No 5

MO Demolition Contractor receives 250k funding facility from Construction Finance.   With Construction Finance, this woman owned construction company is able to procure multiple City and State projects.  Her customer advised that no contractor has finished the demo projects so quickly.  She advised, “Finishing quickly is easy when you have cashflow to pay the crews quickly”.

Check out our other success stories found here:  CONSTRUCTION FINANCE SUCCESS STORY NO. 01

ConstructionFinance.com

For more information on invoice factoring and if it’s a good fit for your company, contact John Sawyer today!

john@constructionfinance.com or 870-277-4171

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Which Type of Entrepreneur are You?

September 6, 2017 Uncategorized 0 Comments

Self examination is a great exercise that needs to be practiced from time to time.  Especially for Entrepreneurs!  Check out

Self examination is a great exercise that needs to be practiced from time to time.  Especially for Entrepreneurs!  Check out a few of the different traits and profiles of great entrepreneurs below.

Sooooooo……which type of entrepreneur are you?  Drop a comment and let us know!

What Kind of Entrepreneur are You?

Heart Dominant Entrepreneur

These individuals bring purpose and passion to the business world.  Founders, iconoclasts, and visionaries.  Their inspiration could be hard core technology, burgers, biotech or a new take on social networking – it doesn’t matter.  They are consumed by passion to turn their purpose into reality.  Example:  Chef Alice Waters, owner of Chez Panisse

Smarts Dominant Entrepreneur

This person comes handy as a rational, fact-driven force who begins steering the business by delegating and setting goals, forging a system of accountability, articulating strategy and emphasizing top- notch performance.  Example: Jeff Bezos, CEO of Amazon

Guts Dominant Entrepreneur

Guts dominant people are all about starting ad sustaining action.  There are three types of gut dominant personalities:

1) the Guts to Initiate

2) the Guts to Endure

3) the Guts to Evolve

Without Guts dominant people we may still be living in the hovels and catching fish with pointy sticks.

Luck Dominant Entrepreneur

Luck- oriented people maintain an attitude based on humility conjoined with two other factors- intellectual curiosity and optimism.  This three-part formulation helps beget a Lucky Network

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Happy Labor Day 2017 from Construction Finance

September 4, 2017 Uncategorized 0 Comments

Happy Labor Day 2017 from our invoice factoring family at Construction Finance. John Sawyer, Rachael Diaz. Iris Feng and Dia

Labor Day 2017

Happy Labor Day 2017 from our invoice factoring family at Construction Finance. John Sawyer, Rachael Diaz. Iris Feng and Dia Sawyer

Here are a few facts about Labor Day that you may not know. Why do we celebrate Labor Day?  Where did Labor Day come from?  When was the first Labor Day?

Observed on the first Monday in September, Labor Day pays tribute to the contributions and achievements of American workers. It was created by the labor movement in the late 19th century and became a federal holiday in 1894. Labor Day also symbolizes the end of summer for many Americans, and is celebrated with parties, parades and athletic events. According to http://www.history.com/topics/holidays/labor-day

The History Channel website has tons of information regarding the origin of Labor Day.  Here are a few facts to get you started.

Labor Day, an annual celebration of workers and their achievements, originated during one of American labor history’s most dismal chapters. In the late 1800s, at the height of the Industrial Revolution in the United States, the average American worked 12-hour days and seven-day weeks in order to eke out a basic living. Despite restrictions in some states, children as young as 5 or 6 toiled in mills, factories and mines across the country, earning a fraction of their adult counterparts’ wages. People of all ages, particularly the very poor and recent immigrants, often faced extremely unsafe working conditions, with insufficient access to fresh air, sanitary facilities and breaks.As manufacturing increasingly supplanted agriculture as the wellspring of American employment, labor unions, which had first appeared in the late 18th century, grew more prominent and vocal. They began organizing strikes and rallies to protest poor conditions and compel employers to renegotiate hours and pay. Many of these events turned violent during this period, including the infamous Haymarket Riot of 1886, in which several Chicago policemen and workers were killed. Others gave rise to longstanding traditions: On September 5, 1882, 10,000 workers took unpaid time off to march from City Hall to Union Square in New York City, holding the first Labor Day parade in U.S. history.The idea of a “workingmen’s holiday,” celebrated on the first Monday in September, caught on in other industrial centers across the country, and many states passed legislation recognizing it.Congress would not legalize the holiday until 12 years later, when a watershed moment in American labor history brought workers’ rights squarely into the public’s view. On May 11, 1894, employees of the Pullman Palace Car Company in Chicago went on strike to protest wage cuts and the firing of union representatives.

On June 26, the American Railroad Union, led by Eugene V. Debs, called for a boycott of all Pullman railway cars, crippling railroad traffic nationwide. To break the strike, the federal government dispatched troops to Chicago, unleashing a wave of riots that resulted in the deaths of more than a dozen workers. In the wake of this massive unrest and in an attempt to repair ties with American workers, Congress passed an act making Labor Day a legal holiday in the District of Columbia and the territories.More than a century later, the true founder of Labor Day has yet to be identified.

Many credit Peter J. McGuire, cofounder of the American Federation of Labor, while others have suggested that Matthew Maguire, a secretary of the Central Labor Union, first proposed the holiday.Labor Day is still celebrated in cities and towns across the United States with parades, picnics, barbecues, fireworks displays and other public gatherings. For many Americans, particularly children and young adults, it represents the end of the summer and the start of the back-to-school season.

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Competing for Commercial Construction Contracts

August 31, 2017 Uncategorized 0 Comments

Commercial contracts up for bid are plentiful after you have waded through mounds of red tape.  Bidding on contracts is

Payroll Funding

Commercial contracts up for bid are plentiful after you have waded through mounds of red tape.  Bidding on contracts is exciting to say the least and only topped by the heart racing experience of being awarded a contract.  The hard part is figuring out how in the world you are going to have enough capital to buy materials and pay subcontractors.  And all before ever getting paid for the first invoice you submit.

That’s where Construction Finance can help.  We buy (or factor) the invoices you submit to the general contractor.  We pay YOU for that invoice IMMEDIATELY and we wait to be paid by the general contractor.  Thus giving you the cash you need to pay for materials and pay subcontractors.  This not only keeps your supplier happy but keeps your subcontractors on the job!

Take a look at or print our APPLICATION here.

Call Construction Finance today to find out if accounts receivable factoring is right for your construction company!

870-277-4171 or email John Sawyer at john@constructionfinance.com

Watch a quick VIDEO explanation of how construction factoring works here.

 

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