Programs Construction Receivables
The pay app is approved.Your crews shouldn’t wait on the GC.
Construction Receivables funds approved pay applications on commercial, non-bonded jobs, so payroll and suppliers are covered while the general contractor pays on its schedule. It is built around how construction bills: job by job, with retainage and lien waivers.
A few minutes to start. No obligation.
Funded job by job.
Approved pay applications are funded by job. Retainage is tracked on its own until it’s released.
How it works
Bill the GC the way you do today.Get funded once it’s approved.
- 01
Submit the pay application
Bill the general contractor the way you do today, with your schedule of values and lien waivers.
- 02
Funded once it’s approved
When the GC approves the pay application, it can be funded. Your subs and suppliers can be paid straight from it.
- 03
The GC pays, the job settles
When the GC pays, the balance comes back to you. Retainage is tracked by job until it is released.
Who it fits
Built for commercial subcontractors billing on progress.
The approved pay application carries the deal. Construction gets a closer review than other receivables, and every job is looked at the way the GC looks at it.
A strong fit
- Commercial subcontractors billing approved pay applications
- Electrical, mechanical, plumbing, concrete, steel, drywall and specialty trades
- Data center, utility and electrification work
- Private and commercial projects that are not bonded
- A few general contractors you work with repeatedly
Not a fit
- General contractors
- Bonded work
- Residential work paid by homeowners
- Pay applications with unresolved change orders or disputes
- Stacked merchant cash advances or SBA debt
See what your pay applications carry.
Construction Receivables is sized from your approved pay applications, job by job. The calculator shows what general contractors owe you at any given time, and we size the facility with you from there.
Example answers to start. Change any of them.
Construction Receivables: we’ll size it with you.
Estimates are based on your answers and are not an approval or a commitment to fund. Your actual funding amount will depend on a review of your business and supporting documents.
What to have ready
Know what it takes before you start.
Progress billing, retainage, lien rights and change orders are what make construction different. This is what a full review looks at.
- Accounts receivable aging, by job and by general contractor
- Accounts payable aging
- The pay applications to fund, with the schedule of values
- The subcontract for each job
- Lien waivers and retainage status
- Year-to-date and prior year-end financial statements
- Last three months of business bank statements
- Articles of formation or operating agreement
Construction Receivables, answered.
Yes. They can be paid straight from the pay application with the difference coming to you, or you can pay them yourself and provide lien waivers. Which works best is set up job by job.
Retainage is tracked by job and treated separately from the rest of the pay application until the GC releases it.
Yes. Many subcontractors start with one job and add others once the first one is running.
Bonded work isn’t a fit. If part of your backlog is bonded, say so in the application and we’ll tell you plainly what can and can’t be included.
Not this program. Construction Receivables is built for subcontractors billing a general contractor. Equipment Finance and Contract Funding may still fit.
What’s your next move?
Turn your opportunity into reality with clear terms, transparent processes, and decisions based on potential, not just history.