Types of Financing

Contractor Mobilization and Invoice Financing

DevCorp Commercial Funding is a premier national lender providing financing to small and middle-market construction contractors working on both public and private projects.

Get immediate Project Mobilization Support and Invoice Financing

Contract Financing is designed to help small and middle-market contractors successfully complete their contracts on budget. Contract Financing gives contractors confidence that they will have enough funds to cover their costs for supplies and equipment on a job through to the end of the project.  This facility includes funds for mobilization as well as progress payments and is very competitively priced.

Eligibility

Any small or middle-market contractor that has been pre-qualified by an acceptable sub-contractor assessment process e.g. Subguard or equivalent process.

Approved contractors can receive financing advancements up to $1,000,000 and on a case-by-case basis up to a $2,000,000.

Repayment of the advance doesn’t have to come until your invoice is paid by the prime or owner.

Public and private construction jobs qualify.

How It Works

A contractor provides evidence of pre-qualification by an approved or approvable process.

Once a contract is awarded, the pre-qualified contractor immediately becomes eligible for the contract financing advancement.

At the signing of the contract, the contractor is eligible for contract mobilization funding, up to 10% of the contract amount, with a ceiling of $1,000,000 and 80% invoice financing.

All funds are disbursed by a Third Party Administrator (Funds Control).

The maximum amount of funds advanced at any time is no greater than 40% of the total contract amount.

This Will Solve Your Contract Financing Issues

Contact us today and one of our financial specialists will help you determine if your company qualifies for contract financing.