Obtaining a Working Capital line of credit, or any other type of business financing for firms in the construction industry can be difficult if not impossible for most construction companies. Naperville, IL –Oftentimes even large, profitable, and well managed construction firms are not able to secure the capital they need through traditional bank financing sources. Unfortunately most bankers simply don’t understand the nuances and specifics of the commercial construction industry. Simple industry specific terms like; progress billing, change orders, punch lists, contract performance bond, lien release etc. will make the eyes of most bankers glaze over, and immediately decline a working capital loan to a business in the commercial construction industry.
For this reason and more, Working Capital of America, a leading provider of Construction Accounts Receivable Financing and related Factoring Services, recently had one of it’s best months on record. Closing over $7,000,000 in revolving lines of credit for 4 major Commercial General Contractors performing work in the Chicago, Northwest Indiana and Wisconsin regions. Working Capital of America is proud to support hard working family owned local businesses during their growth and expansion. The new lines of credit will be utilized to fund current A/R and Progress Draw’s owed to the General Contractors, Sub Contractors, Vendors, and Suppliers. This will allow these businesses significant financial flexibility to take on additional commercial business and bid on larger and more profitable jobs. WCA is a leading provider of A/R Factoring lines of credit from $25,000 up to $5,000,000 in a variety of B2b Industries including commercial general contractors, excavation companies, engineering firms, staffing companies etc.
Since its founding, Working Capital of America, LLC, has grown to become one of the nations largest Construction Factoring companies. Specializing in Working Capital Financing for the construction industry. Working Capital of America, LLC continuously strives to ensure that they present each client with the best business financing options that allow for consistent and profitable growth.
Taking into consideration the fact that getting a business loan or line of credit for a construction company, general contractor, or a subcontractor can be incredibly difficult due to the risky nature of the industry and business, Working Capital of America, LLC ensures that their clients are provided with the business capital and construction factoring solutions that businesses require to stay operational and profitable.
The owner for the invoice factoring company, Working Capital of America, LLC, while describing the business philosophy of their company said, “Working Capital of America, LLC located in Naperville, IL is a nationwide full-service invoice factoring company that offers a broad range of flexible financing solutions. We are unique not just because we offer a broad range of business financing and factoring solutions, but we are also one of the largest construction factoring companies in the Midwest that have the knowledge and experience to specialize in construction factoring and helping clients that use progress billing in their everyday business.”
Catering to the needs of not only the commercial construction industry, Working Capital of America, LLC also offers clients in other industries a broad range of flexible financing solutions including SBA Real Estate Loans, SBA Lines of Credit, Non-Bank Term Loans, Merchant Cash Advance Services, and Accounts Receivable/Invoice Factoring financing solutions that are made for a variety of B2B general service industries.
The staff at Working Capital of America (WCA) are experts in accounts receivable management and collections, full-recourse invoice purchasing, and client underwriting assistance, Working Capital of America, LLC is located at 11258 S. Route 59, Naperville, IL 60564. For business inquiries and any financial needs, contact their team via phone at (630) 536-6160. Visit their website www.WorkingCapitalofAmerica.com for additional information regarding their services.
Media Contact
Company Name: Working Capital of America, LLC
Contact Person: Alex
Email: Send Email
Phone: (630)536-6160
Address:11258 S. Route 59
City: Naperville
State: Illinois
Country: United States
Website: https://www.workingcapitalofamerica.com
