How It Works:
Project Funding allows commercial and government contractors to smoothly take on their next job. This program works off of your current and future contracts to help start and maintain your upcoming jobs.
Project funding provides funds for payroll, materials, supplies, equipment, bonding, and other project costs for upcoming work that you have a signed contract for. This alleviates cash flow headaches caused by new project costs and maximizes your team’s performance by funding what you need to get the job done right.
Here’s What’s Needed to Apply:
- Integrated Business Financing Application
- Last 6 months of business bank statements
- Detailed AR Report
- All Current and Future signed work contracts
- Driver’s License
- Voided Check
- Most recent business tax return
- Prior years Financials- Profit & Loss with a Balance Sheet
- Current Financials -Profit & Loss with a Balance Sheet through most recent quarter
Qualifications:
- No credit requirement
- In business at least 18 months
- Gross Annual revenues of $1,00,000 or more
