Can You Factor Progress Billing, or Only Final Invoices?
Yes, you can factor progress billing on a construction job. You do not have to wait for one final invoice at the end. Factoring progress billing means you get funded as you complete and bill each phase of the work.
That matters, because construction does not pay like other industries. A subcontractor bills as the job moves. Foundation. Framing. The next phase. Waiting until the whole project closes to get paid would sink most subs. Factoring is built to fund that rhythm.
Here is how it works with us. You complete a phase of work. You submit the invoice for that phase. We verify the work was done, and we fund it. When the general contractor pays, that cycle closes. Then you do it again on the next phase. Funding moves with the project instead of waiting at the finish line.
Why Verified Work Matters in Factoring Progress Billing
The verification step is where construction factoring earns its keep. We do not fund an invoice just because it exists. We confirm the work behind it was actually completed, because that is what protects everyone in the chain.
On a construction deal, the risk runs down a chain. Owner. General contractor. The subcontractor we fund. The subs and suppliers below that sub. With each funding cycle, we make sure the people below you get paid, so no liens get filed and the job keeps moving. We use five credit databases to evaluate the GC and owner behind your billings, so you know the risk before you take the next phase.
This is why most factors avoid construction. Progress billing, verified work, and a multi-party chain are harder than funding a single final invoice and hoping it pays. We have been doing it for more than 30 years.
For a subcontractor, the result is cash flow that keeps pace with the work. You bill a phase, you get funded, you make payroll, and you take on the next phase without waiting on the GC.
If you want to factor progress billings on your current jobs, schedule a consultation and we will walk through how your billing cycle would fund.
Link: https://darebizcapital.com/product/#construction-factor