Financing Options for Underground Utility & Cabling Contractors
Whether you are a contractor for a municipality or a major utility provider, you are likely waiting 30 or more days for payment. This can create serious cash flow problems for small businesses who need to pay employees, purchase materials, and cover other operating expenses. Invoice factoring for utility contractors can provide the working capital needed to keep your business running and allow you to take on additional opportunities.
Speed up slow payments by factoring receivables
Instead of waiting 30, 60, or 90 days for your invoice to be paid, factoring receivables can provide fast cash to allow utility contractors to cover their expenses and bid on additional contracts with the confidence that they have the cash to complete the job.
Riviera Finance understands the challenges of utility contractors and we’ve provided financing solutions to contractors in all different areas including:
- Underground cable line diggers & installers
- Underground utilities
- Telecom
- Electricity
- Gas
- Water & Sewage
- Geothermal
- Laying Fiber-optic cable
- Trenchless cable & pipe laying
Invoice Factoring for Underground Cabling Company
Take a look at how Riviera Finance has helped an underground cabling company with invoice factoring and cash flow support.
Funded $500K for Cash Flow Support
| Type Of Business: | Underground Cabling |
| Factoring Line: | $500,000 |
| Location: | Boca Raton, Florida |
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This business has several years history installing fiber optic cables. They have been fortunate to be in high demand with growing opportunities. However, with the rapid growth, their cash flow was squeezed as they waited for their customers to pay on invoices for large projects. They discovered Riviera’s non-recourse factoring as a quick, simple way to get them paid immediately at completion of the project. |
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