What is Contract Financing?

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Contract financing is a way for your business to receive a loan for work you have yet to perform. The contract between you and your customer, or in the case of construction the General Contractor, is the collateral for the loan.

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It's not as sugar-coated as he tells you the story. Don't get your hopes up too much. No difference between this company and conventional loans. The difference is that these guys wanna charge you over 4% a month instead of banks charging as low as 1% for credit lines. If you don't qualify for a credit line, you won't be eligible for these guys. I have yet to see any comments for this company. All I know is if they see that they can't work with you, they say, " we can't help you; please don't email us." No, I am not kidding.

atakancamadan