Access to capital gives you the ability

• to stay ahead of your competition.

• leverage your assets,

• increase cash flow,

• maintain more funds for business expenditures.

If you need working capital or are considering an expansion, upgrade, you need to evaluate your options. Call us for a brief interview to match your needs with the proper financing tools.

Construction Funding 

Are you turning down jobs because you don't have the funds to buy inventory?  Are you waiting 30-90 days to be paid for your work with General Contractors, Prime, Government or Large customers? 

Most businesses are subject to progress payments.  You generally do not begin to receive payments until 30, 60 or even 90 days into the project. Has it put your business in an inevitable cash crunch?  Factoring is quickly becoming the alternative financing method of choice throughout the construction industry. Any small to medium-size construction-related business can benefit from factoring: contractors, subcontractors, suppliers, etc. 

 You can sell your accounts receivable – whether they be

• invoices,

• progress billings,

• requisitions, or

• American Institute of Architects - AIA’s contract documents.

The factor buys one or more of the business’s invoices, advancing cash to the business– typically, 70%. Once the invoice or invoices are paid, the factor will rebate the balance of the invoice after deducting its fee.

To receive a complementary no-obligation evaluation, please go to our About Us page to contact Fox Enterprises, LLC.

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How does it work?

The process is simple. Here is an example once you have been through the one time only Application process with us:

 1. You have an invoice of $100,000.

2.  Within 24 hours, you would be able to receive an advance of up to 70% or $70,000, leaving a reserve of $30,000.

3.  A letter is sent to your customer explaining that due to expansion of your company, we have been retained to collect the Accounts Receivable (A/R). So your company can focus on what you do best, providing your services.

4.  Once the invoice has been collected, you will get your $30,000 reserve back less our discount fee.

Simply put, factoring is no different than if you had given your customer a discount for paying within 10 days instead of 30 or more days. The big advantage to you is you get your money within 24 hours!!