Blog

Yeti Tundra 65 + 10% Referral Fee for Each Funded Construction Factor Referral

June 5, 2018 Uncategorized 0 Comments

Send us your construction referrals today!  When we fund your referral, we will send you a Yeti Tundra 65 cooler

construction factor

Send us your construction referrals today!  When we fund your referral, we will send you a Yeti Tundra 65 cooler in your choice of color!

3 Yeti Tundra 65 Coolers

Yeti coolers are at home on the dock, at the ranch, in the blind, or on the boat, and the Tundra® 65 is no exception. It’s the most versatile cooler, just as adept at keeping your catches cold in the field as it is storing the drinks and food for your backyard barbecue. This ice chest is plenty roomy and can hold a limit of redfish or your prized brisket without breaking a sweat.

Note: All Tundra coolers come with one dry goods basket.

Win ALL 3 Coolers at Once

1 Yeti Tundra 65 in your choice of white, desert tan or ice blue when you send us a referral that we fund.  Only 3 to give away!  If you send us 3 separate referral customers that we fund, you win all THREE coolers!  Send your construction factor referrals today!

  1. OUTSIDE 17 1/4” × 16” × 30 5/8”
  2. INSIDE 10 5/8” × 11 1/8” × 23 1/8”
  3. EMPTY WEIGHT 29 LBS

 

Read More

Easy Button and IFA Miami Conference 2018

June 2, 2018 Uncategorized 0 Comments

First of all, I would like to give a big thanks to the  IFA and all of those that made

constructionfactor

First of all, I would like to give a big thanks to the  IFA and all of those that made the 2018 Miami conference such a huge success! 

It’s okay to admit that many of us went to Miami to learn the secret recipe of factoring.
Personally, I don’t think I was asking too much.  I just wanted to leave with that Easy Button that would fix the two persistent items in my construction based factoring company:
1.  How to get good customers without spending money
2.  How to rest assured that all of my account debtors will pay
There was one hotel guest that must have possessed this Easy Button. Clue: he has teeth coated in diamonds.
Of course, I am talking about Lil’ Wayne, the star of the Friday night concert in the LIV nightclub of the Fountainbleau.
After googling Lil’ Wayne’s net worth of approximately $150 mil, I asked myself, “How can this guy make so much dough with a vocabulary full of 4-Letter Words?”.
Clearly, this guy has a way bigger Easy Button than mine.
As it turns out, I, unfortunately, do not have an Easy Button.  I do, however, have one four letter word that fixes almost everything:  WORK.
After visiting with several factors, bankers, and various other experts in the field, my suspicions were confirmed.  It turns out that the secret to successful construction factoring is that four letter word that makes everybody cringe.
WORK.
Items such as UCC filings, Notice of Assignment, verifications, and estoppels are great.  But when it comes to purchasing a construction receivable, these items mean that the work has only just begun.
Are all suppliers and crews paid?  Are lien waivers collected?  Are the client’s lien rights preserved? etc, etc, etc.
There may not be an Easy Button for the Construction Factoring industry.  But, here at Construction Finance, we are ready to do all of the heavy lifting for your referrals.
We look forward to doing the WORK of funding your construction leads!
Call or email anytime to learn if our program fits your prospect’s needs.

Are you tired of turning down construction clients 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 referrad 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.

 

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

Read More

Get a Lawyer Before You Need a Lawyer

December 13, 2017 Uncategorized 0 Comments

Ask anyone you know, and they’ll all agree:  Lawyers are the worst!  Heck, I am a lawyer, and I’m not

Ask anyone you know, and they’ll all agree:  Lawyers are the worst!  Heck, I am a lawyer, and I’m not going to argue that one!

They’re expensive.  They take up time.  They wear stupid looking suits and speak in terms that nobody understands.  They are, in short, not the guys (or ladies) anybody feels like hanging out with on a Tuesday afternoon!
That said, Construction Dive makes a pretty compelling case for why it’s a good idea to have a lawyer look over your construction contracts before you sign the dotted line. Four Reasons Why Construction Companies Should Have an Attorney Review Contracts
In short, construction contracts are complicated, and the stakes are high!  If you don’t know what to watch out for, there are a lot of harmless sounding sentences that could end up costing you hundreds of thousands of dollars.
There are also a lot of scary sounding sentences that are actually pretty harmless…or at least unenforceable.
It may be tempting to skip that meeting with the stuffy guy in the stuffy suit, but particularly if you’re looking at a “make or break” contract, it’s worthwhile to get a second set of eyes on everything.  Nobody wants to spend several hundred dollars and an hour of their life in a lawyer’s office, but a little time and money now can save you a lot of grief down the road!
 

Tara “Tipper” Coker, Esq.

Tel  870 277 0658    Fax  870 451 8154
Read More

Lean on Me or Lien on Me….

November 24, 2017 Uncategorized 0 Comments

“LIEN on Me”.   *Our apologies for the play on words of the famous Bill Wither’s Classic* You remember the lyrics,

“LIEN on Me”.  
*Our apologies for the play on words of the famous Bill Wither’s Classic*
You remember the lyrics,
You just call on me brother, when you need a hand 
We all need somebody to LEAN on 
I just might have a problem that you’ll understand 
We all need somebody to LEAN on …
Lean on Me or Lien on Me

As a growing subcontractor, you often need someone to Lean On as your business continues to grow.  Construction Finance is here for you to Lean On.  

But, Sometimes, when projects don’t pay as outlined by your contract, you need a bit more. 
You may need someone to “LIEN ON”.  
We love to measure success by helping companies with their cash flow challenges, thereby allowing them to take on bigger projects.
Watching our clients Grow as they LEAN on us for financial support is a truly awesome feeling.
However, one of our proudest moments last month involved the other L word,  LIEN not LEAN.
 Our client began to panic near the end of a commercial project. Payments from her contractor to her seemed to  dwindle.   We assured her that she could LEAN on us.
At NO additional cost to our client Construction Finance had already issued necessary Preliminary Notices along with other documents to the General Contractors and Project owners to ensure that our client’s payment rights were protected.
Our client initially LEANED on Construction Finance for working capital.  But, she was so thankful that part of our services are to protect her LIEN rights throughout commercial projects.


www.constructionfinance.com
John Sawyer
870 277 4171 870 451 8154| 
2111 Race St, Ste 2
Jonesboro, AR 72401
Read More

U.S. Setting Tariffs on Canadian Lumber

November 22, 2017 Uncategorized 0 Comments

U.S. Setting Tariffs on Canadian Lumber The U.S. government has recently increased tariffs on softwood lumber coming in from Canada,

Tariffs on Canadian Lumber

U.S. Setting Tariffs on Canadian Lumber

The U.S. government has recently increased tariffs on softwood lumber coming in from Canada, citing concerns that Canada’s heavy subsidies have flooded the U.S. lumber market with unsustainably cheap wood.  Wall Street Journal–Tariffs on Canadian Softwood
While these Canadian subsidies were a benefit to many of those in the construction industry, the U.S. Commerce Department feared that this put the U.S. lumber industry at an unfair disadvantage.
This, of course, poses a quandary with regards to Trump’s ‘America First’ plan. On one hand, cheap building materials are a huge boon to those in the construction industry. On the other hand, our industry relies on a robust overall economy; what helps one sector often helps us all.
Ultimately, time will tell what this means for the construction industry.  Lumber is a commodity that often sees wild fluctuations.  Most likely, we’ll see a short term spike in lumber prices, followed by a leveling out.
As always, though, this is a reminder to be cognizant of changing material prices when bidding on work.  Lumber in particular tends to be volatile, so when placing bids, remember that lumber prices can change drastically over a short span of time!
Tara “Tipper” Coker, Esq.

Tel  870 277 0658    Fax  870 451 8154
Read More

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

Read More

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
Read More

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

Read More

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
Read More

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
Read More