We were notified by a factoring company that a subcontractor had factored an invoice we owed the subcontractor. The payment terms were with in our payment policy period. The subcontractor took the funds from the factoring company and did not pay his suppliers or his subcontractors. We are...Read More...Read More
I am a home owner with extra land and want to build ADU’s. I need to get a construction loan. I need to know about starting a single person LLC better before or after trying to get approved for the loan. ...Read More
I've re-read the article titled "Top invoice factoring companies for contractors in the US" a couple times now and don't see the criteria that was used to determine these to be the top companies. What sort of criteria was used to rank these 5 out of all the others out there? I see their advance am...Read More...Read More
I am a certified maintenance technician and skilled carpenter. I had as verbal agreement to restore a condemned , 2 story residential home (with detached garage) in exchange for Occupancy in lower level for duration of “ life”. Owner now faces foreclosure. I have invested $50,000 of my own mon...Read More...Read More
Hi, What is the Contract Price Adjustment Factor formula used in the State of Florida for large Residential projects? I need to insert and amend a Fidic contract with this formula? ...Read More
We get loads from Uber freight and we ask for direct deposit to the company back account and so the factoring company that we have went and out themself on our Uber freight account as factoring with out our company authorization?? Isn’t that against the law??? ...Read More
Hi, I tried reaching out once before. Can you connect me to somebody in marketing regarding an opportunity for your company to join our upcoming fully-digital real estate technology conference? My company is the organizer of the RETCON 2021 Multifamily Summit, the largest real estate eve...Read More...Read More
Here is an article that details the construction factoring that I'm looking into https://www.levelset.com/blog/factoring-construction-invoices/....Read More
If a subcontractor factors one of his invoices from a project and does not notify the general contractor that he is working with a factoring company, can that factoring company put a mechanics lien on the project in a case of non-payment?...Read More
I was helping someone out they had $2000 , to spend and yes I was told she had limited funds to spend , The job had sat for 7 months then I was asked by a friend if I could help this person get it done . So I went over there a couple days later , talked with the lady , she had 1543 sq feet of drywall to b...Read More...Read More
I have requested a private construction estimate from a contractor. At no time was I told that there would be fees involved in getting an estimate and I didn’t receive anything in writing stating such. Now they have billed me $600. Am I required to pay this?...Read More
We are the factoring company who advances funds to our client, the company fell short with unpaid wages and fell short with payments being made to workers. who can i file a complaint with to try and recover funds? as they are in litigation currently. ...Read More
We are general contractor. One of our subcontractors sold their receivables (invoice) to a financial services company. It looks like the subcontractor is really suffering and may be filing for bankruptcy soon. However, the financial services company is trying to get collect on the receivable from us. They ...Read More...Read More
Our company helps finance our customer's invoices and we work closely with another factoring company. We are working to get notices sent out for the invoices that we have taken over and want to confirm what the notifiers' information should be on these notices. Should it be the factoring comp...Read More...Read More