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Payroll Financing

Payroll Made Easy!

AIG Construction Capital exists to solve the critical issues facing our clients, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful. We take a different approach to Payroll Financing.  Our goal is to help organizations facilitate change, achieve their vision and optimize performance and productivity.

What is Payroll Financing?

Rather than waiting for your customers to pay you, you can contact a company that offers Payroll Financing, and get paid right away.  If making payroll is causing you stress payroll financing is something you might want to consider.

How Payroll Financing Works

1) Service and invoice your customer.  Then send that invoice to the factoring company.
2) The factoring company reviews the invoice, and advances you the amount of money needed, (usually up to 80% of the total amount of the invoice).
3) You use the advance to cover payroll, staff projects, or further fund your business.
4) Your customer submits payment either to you, who then pays the factoring company, or they submit payment to the factoring company, who then forwards you the remaining 20% of the invoice.

Why Companies May Consider Payroll Financing

Making payroll can be tough for any business, but for construction companies it can be especially difficult.  Why is that?  Well, there are a few underlying reasons.  One, many contractors have to front large sums of money to mobilize on projects.  Secondly, if you're only receiving payments 30-60 days after invoicing customers, your cash flow tends to dry up pretty quickly.  If cash flow becomes an issue for your company you may try to avoid taking on additional projects, but you can't avoid payroll, vendors, and other expenses that every business requires to run.