Presentation on theme: "Www.devcorp.net 702-732-1305 Are You A Contractor? Who Needs Working Capital? (youre not alone!) Solve your cash flow needsWith Contract Financing From."— Presentation transcript:
Are You A Contractor? Who Needs Working Capital? (youre not alone!) Solve your cash flow needsWith Contract Financing From DevCorp ContractFinancing
Construction Company Cash Flow: Your company is awarded a contract You order supplies, hire workers, get the job started You work on the job for 30 days You submit an invoice for finished work You get paid 45 – 60 days later It is common to work unpaid for 90 days or more! AS YOU CAN KNOW, THIS CAN CAUSE A HUGE CASH FLOW PROBLEM!
Facts about Commercial Contractors: You worry about payroll & ongoing expenses You need additional working capital to bid jobs –Need to prove ability to carry the company 90 days or more –Need working capital to qualify for performance bonds Many contractors have had glitches in their credit Many cant qualify for a bank line of credit –Credit for constructions companies is tight, tight, tight! Many need help with financing!
DevCorps Contract Financing: Can provide 10% mobilization before job begins –Your company can purchase supplies to start work Can provide 80% invoice advances in 48 hours –You get needed cash flow for labor & overhead Can help you qualify for needed bonding Helps you grow your business –Access to working capital improves bidding capacity
DevCorps Contract Financing: Is NOT based on the owners personal credit –We look at your companys financial and technical strength Is designed for small to mid sized construction firms –Annual revenues of $2MM to $25MM and more Is priced below most factoring products Does NOT require your business to sell invoices –DevCorp uses invoices as collateral instead
To Learn More… Look over this web site very closely –Many questions will be answered here Click on the Do You Qualify button –Find out if you qualify Contact Mr. Kim Zook, National Sales Manager – cell