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
- Water & Sewage
- Laying Fiber-optic cable
- Trenchless cable & pipe laying