Posts by Dia Sawyer

Construction Finance Success Story No.04

August 17, 2017 Uncategorized 0 Comments

Construction Finance Success Story No.04 Construction Finances funds Time and Materials Electrical Contractor up to 100k monthly to perform work

Construction Finance Success Story No.04

Construction Finance Success Story No. 04

Construction Finances funds Time and Materials Electrical Contractor up to 100k monthly to perform work on large Power Plant Projects. With much needed cash flow, the contractor has migrated from billing 20k monthly to over 100k monthly.

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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Construction Finance June Newsletter 2017

June 1, 2017 Uncategorized 0 Comments

Construction Finance Announces New Billing Department So many growing subcontractors share with us that they need someone in the office

Construction Finance Invoice Factoring and Billing Services June 2017 Newsletter The dream team note: We are thrilled to announce our new division, Billing Services, at Construction Finance. Our accounting staff has experience invoicing MILLIONS PER MONTH.  We can help with Submitting Pay Apps on Time, Processing Payroll and Payroll Taxes Electronically, Lien Waiver Management, Issuing Preliminary Notices and General Accounting Processes in your Software.    These three amazing individuals are part of the heart and soul of the Construction Finance office in Jonesboro, Arkansas.  They are the ‘Dream Team’ in Construction Invoice Factoring!  John Sawyer(owner), Rachael Diaz(office manager)and Iris Feng(underwriting manager).

Construction Finance Billing Services Construction Factoring

Construction Finance Announces New Billing Department

So many growing subcontractors share with us that they need someone in the office to help with the stacks paperwork that accompany commercial contracts. In order to serve our clients and accomplish our mission, “To Help our Customers Grow” we saw a great need for billing support and answered the call.

Check out some actual comments from some of our clients:

-I am going to lock myself in a room on Sunday(my only day off) and “get caught up on paperwork” 
-My wife is doing all of our billing and payroll.  She has a day job, but tries to fit me in.  I need to hire another person.  
-I am going to hire a real CPA to “Take over the books”, but, its gonna be expensive.  
-This pay app is going to pay late because it was billed late.  
-We have plenty of work; we are swamped; we just don’t have time to slow down and bill for all this work.
I recently visited with an overworked electrical contracting crew that was  behind on his pay apps.  I stated, “you bill over $50.00 per hour, per man on the job.  Why would you pull off the job yourself to go do your quickbooks?  Do you get paid this much to do billing?  Has anyone ever offered you $50 per hour to be an accountant? I advised him to stay on the job sites for billable hours, and use sharper, more affordable experts to do his paperwork.
This reminds me of the story told by Stephen Covey about “Sharpening your Saw”.  Sometimes, you have to stop what you are doing, and “sharpen your saw” so you can do the job so much more efficiently and profitably in the future.  Read the story in it’s entirety here:  “Sharpen Your Saw”

At Construction Finance, we have shared with our clients that they have 2 choices.  They can hire new employees to streamline their paperwork and billing.  Typically, the applicant for this position needs to have accounting experience as well as be well versed in the commercial construction industry.  Needless to say, this is a difficult skill set to be filled by one person.   Ultimately,  this adds to overhead.  The indirect costs to bid the next project just increased.

Don’t have time to “Sharpen your Saw”?

Construction Finance offers “Back Office Support”.
Our in house accounting staff is very well versed in all aspects of your industry.  We keep our ‘Saw Sharp’.
Our accounting staff has experience invoicing MILLIONS PER MONTH.
Whether you need help with: 
-Submitting Pay Apps on Time
-Processing Payroll and Payroll Taxes Electronically
-Lien Waiver Management
-Issuing Preliminary Notices
-General Accounting Processes in your Software
Construction Finance offers Subcontractor Back Office Services.
Call Today to see of our Back Office Services could benefit your company.
Contact John Sawyer at 870-277-4171 or john@constructionfinance.com

Remember:

  • We are Here to Help You Grow
  • We Love Questions and Can’t Wait to Answer Yours
  • You Are Our #1 Priority

Watch these quick videos to understand how construction invoice factoring works:

How to Invoice Factor with Construction Finance

Construction Factoring Q & A

Our most asked questions and answers from last month

  • FAQ commonly asked by our Client’s Customers and General Contractors:

    • Customer/GC:  Will I have to change my contract/subcontract?
      Subcontractor:  No, your contract still has the same legal rights with the subcontractor.
    • Customer/GC:  Is my subcontractor “Selling his Contract” before the work is done?
      Subcontractor:  No, we only purchase invoice amounts for work already completed.
    • Customer/GC:  Will the invoices arrive come from a different person now?
      Subcontractor:  No, your Subcontractor continues to invoice you.  Only the remit to address changes.
    • Customer/GC:  Will setoffs or deficiencies be treated differently?
      Subcontractor:  No,  it is still the subcontractors duty to complete all requirements of the contract.
    • Customer/GC:  Is Construction Finance a collection agency?
      Subcontractor:  No, we purchase invoices as a Factor for a small discount.
    • Customer/GC:  Do I loose any rights with my current lien waiver process?
      Subcontractor:  No, Construction Finance will not purchase invoices that could potentially involve unpaid suppliers.  On the contrary, Construction Finance helps ensure our clients keep all underlying suppliers paid to prevent unwanted liens or bond claims.
    • Customer/GC:  So what really changes?
      Subcontractor:  The Remit to address for your payments to your Subcontractor.

Construction Finance Blog Visual Content Marketing, How to Brand Your Business, Facebook Rules for Business

Construction Finance Factoring Application

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Construction Finance Announces New Billing Department

May 31, 2017 Uncategorized 0 Comments

So many growing subcontractors share with us that they need someone in the office to help with the stacks paperwork

Construction Finance Custom Billing ServicesConstruction Billing ServicesConstruction Back Office Support Services

So many growing subcontractors share with us that they need someone in the office to help with the stacks paperwork that accompany commercial contracts. In order to serve our clients and accomplish our mission, “To Help our Customers Grow” we saw a great need for billing support and answered the call.

Check out some actual comments from some of our clients:

-I am going to lock myself in a room on Sunday(my only day off) and “get caught up on paperwork” 
-My wife is doing all of our billing and payroll.  She has a day job, but tries to fit me in.  I need to hire another person.  
-I am going to hire a real CPA to “Take over the books”, but, its gonna be expensive.  
-This pay app is going to pay late because it was billed late.  
-We have plenty of work; we are swamped; we just don’t have time to slow down and bill for all this work.
I recently visited with an overworked electrical contracting crew that was  behind on his pay apps.  I stated, “you bill over $50.00 per hour, per man on the job.  Why would you pull off the job yourself to go do your quickbooks?  Do you get paid this much to do billing?  Has anyone ever offered you $50 per hour to be an accountant? I advised him to stay on the job sites for billable hours, and use sharper, more affordable experts to do his paperwork.
This reminds me of the story told by Stephen Covey about “Sharpening your Saw”.  Sometimes, you have to stop what you are doing, and “sharpen your saw” so you can do the job so much more efficiently and profitably in the future.  Read the story in it’s entirety here:  “Sharpen Your Saw”
Sharpen Your Saw with Construction Finance Custom Billing Services
At Construction Finance, we have shared with our clients that they have 2 choices.  They can hire new employees to streamline their paperwork and billing.  Typically, the applicant for this position needs to have accounting experience as well as be well versed in the commercial construction industry.  Needless to say, this is a difficult skill set to be filled by one person.   Ultimately,  this adds to overhead.  The indirect costs to bid the next project just increased.

Don’t have time to “Sharpen your Saw”?

Construction Finance offers “Back Office Support”.
Our in house accounting staff is very well versed in all aspects of your industry.  We keep our ‘Saw Sharp’.
Our accounting staff has experience invoicing MILLIONS PER MONTH.
Whether you need help with: 
-Submitting Pay Apps on Time
-Processing Payroll and Payroll Taxes Electronically
-Lien Waiver Management
-Issuing Preliminary Notices
-General Accounting Processes in your Software
Construction Finance offers Subcontractor Back Office Services.
Call Today to see of our Back Office Services could benefit your company.
Contact John Sawyer at 870-277-4171 or john@constructionfinance.com
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Are You Trying to ‘Brand’ Your Business?

May 30, 2017 Uncategorized 0 Comments

If you are getting your new business off the ground or simply trying to relaunch an established company, branding may

Branding Your Business Construction Factor

If you are getting your new business off the ground or simply trying to relaunch an established company, branding may be exactly where you need to focus your efforts.  Branding is simplifying all the various aspects of your business.  Put simply, what ‘need’ does your business fulfill?  Who’s ‘need’ does your business cater?  Create a quick 30 second ‘elevator speech’ that explains precisely what your business does.  Create an appealing yet simple logo.  Research what social media platforms your prospective clients are actively present.

Construction Finance buys commercial construction invoices from contractors and subcontractors.  We pay you for the invoice and wait to be paid by the account debtor.  That is our ‘elevator speech’.

Short and Simple

We are active across many social media platforms.  Our ideal clients are contractors and subcontractors of all trades.  Some work for the government, some work for large general contractors and some do a little of all.  We also accept client referrals from factor brokers.  We often receive calls from freight factors when they are contacted about factoring a construction invoice.

Construction factoring is a little more tedious and involved than other types of factoring and we are honored to go the extra mile for your client referrals.

Contact us if we can help with your construction factoring needs in any way, contact John Sawyer today!  870-277-4171 or john@constructionfinance.com

Check out this blog post to see if factoring may be a fit for you!  REMEMBERING THE GOOD OLE DAYS OF BEING PAID IMMEDIATELY FOR COMPLETED WORK

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Memorial Day 2017

May 29, 2017 Uncategorized 0 Comments

Construction Finance is mindful today of all those who fought for America’s freedom and paid the ultimate price. Thank you.

Construction Factor Memorial Day

Construction Finance is mindful today of all those who fought for America’s freedom and paid the ultimate price.

Thank you.

Memorial Day 2017

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Facebook Marketing Do’s & Don’ts

May 25, 2017 Uncategorized 0 Comments

Social Media Marketing is an absolute must in today’s advertising.  Being active on ALL social media channels isn’t necessary but

Construction Finance Factoring Facebook Rules

Social Media Marketing is an absolute must in today’s advertising.  Being active on ALL social media channels isn’t necessary but having a presence on all of them is important.  Concentrate on staying active on social media channels where your potential clients are present.  And remember, above all else, keep your posts relevant and authentic.  DON’T BE SPAMMY.  Post content that helps your potential client solve a problem.  Be sure that each of your posts your gives your prospect value of some sort.  The above facebook do’s and don’ts are a great starting point!  Check out some of our other blog posts here:  Three Simple Steps to Factor Your Commercial Invoices or Free Billing Advice for Women or Minority Owned Businesses

For more information on how factoring works or if it’s a good fit for your company, contact John Sawyer today.

john@constructionfinance.com or 870-277-4171

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Construction Finance Success Story No. 03

May 23, 2017 Uncategorized 0 Comments

Construction Factoring is BOOMING!  We have new stories to add to our list of successes each day! Thank you to

Construction Finance Clients Customers

Construction Factoring is BOOMING!  We have new stories to add to our list of successes each day!

Thank you to all our clients!!

Construction Finance approves LA Concrete Contractor for 150k.

The contractor had steered clear of larger municipal projects in the New Orleans area.

With Construction Finance, he is now bidding and being awarded more local and state projects.

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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What Does It Take to Start a Business?

May 18, 2017 Uncategorized 0 Comments

So you have an idea for a business that you just know will be a booming enterprise right from the

How Much Does it Cost to Start a Business? Construction Factoring

So you have an idea for a business that you just know will be a booming enterprise right from the start?  

Don’t just day dream about it, go out and do it!  The U.S Small Business Administration (SBA) has published the below 10 steps to starting your own business.  

The links provided are invaluable for getting started off RIGHT from the very beginning.  And remember, when the time comes, and you are ready to grow your business to the next level, we are here to help!  Call John Sawyer at 870-277-4171 or john@constructionfinance.com to find out if invoice factoring is the right choice for your business.  ConstructionFinance.com

construction finance invoice factor  

10 Steps to Starting a Business (from the SBA Small Business Administration website)

Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.

Step 1: Write a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training

Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location

Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business

Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business

Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name (“Doing Business As”)

Register your business name with your state government.

Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency.

Step 7: Register for State and Local Taxes

Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.

Step 8: Obtain Business Licenses and Permits

Get a list of federal, state and local licenses and permits required for your business.

Step 9: Understand Employer Responsibilities

Learn the legal steps you need to take to hire employees.

Step 10: Find Local Assistance

Contact your local SBA office to learn more about how SBA can help.

Startup Resources

There are a number of available programs to assist startups, micro businesses, and underserved or disadvantaged groups. The following resources provide information to help specialized audiences start their own businesses.

You can save money when starting or expanding your business by using government surplus. From commercial real estate and cars, to furniture, computers and office equipment, find what you need for your business in one place.

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Construction Finance Success Story No. 02

May 16, 2017 Uncategorized 0 Comments

Our second in a series of success stories from Construction Finance goes to a GC here in our home state

construction finance customers and clients

Our second in a series of success stories from Construction Finance goes to a GC here in our home state of Arkansas!

We love doing business in Arkansas and our surrounding states!  Helping our community flourish!

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

If you would like more information on how to factor your invoices, give John Sawyer a call at 870-277-4171 or john@constructionfinance.com

Click here for a quick run down on “What is Factoring?

Arkansas General Contractor receives 525k funding facility.

Construction Finance provided funding to allow this GC to continue to grow with 2 different fortune 500 companies that pay in 45 day terms.

The contractor is now able to take on larger projects with these customers.

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Why Visual Content Marketing Should Be Important To You

May 11, 2017 Uncategorized 0 Comments

When sharing your work across various social media channels, blogs, emails and trade groups it is easy to get lost

Construction Factoring Visual Content Marketing

When sharing your work across various social media channels, blogs, emails and trade groups it is easy to get lost in the white noise.  Sharing a visual image is nowadays an absolute must when it comes to advertising.  (If you’re not advertising aka sharing on the internet……it’s time to get started!)  Just writing a blog post, writing a social media post, tweet or website article is no longer enough.  You must share authentic data and ‘storytelling’ about what you do, how you do it and why it is important to your audience.  The visual content marketing infographic above can help you understand it’s importance.  If you would like to discuss how Construction Finance can help your business grow, please contact us with any questions you may have.

john@constructionfinance.com or 870-277-4171

ConstructionFinance.com

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