For Immediate Release
Corporate Capital Direct FK Construction
Contact: Rob Denton Contact: Frank Skelly
Phone: (954) 471-7091 Phone: (561) 420-6706
Email: [email protected] Email: [email protected]
Website: www.corpcapdirect.com Website: www.factorking.com/construction
FK Construction Funding and Corporate Capital Direct join forces in the aftermath of Hurricane Irma.
(CORAL SPRINGS, FLORIDA) - Two South Florida finance companies team up to provide desperately needed cash as the rebuilding effort begins in the wake of Hurricane Irma.
The FK Construction Funding & Corporate Capital Direct team is providing project financing for construction related projects. Products include mobilization funding to kick off a job, cash to make payroll, and they will pay the suppliers once the job is underway. They are also able to helps their clients set up supplier credit lines, by guaranteeing payment.
The Cash Management and Funds Control program ensures that everyone that is supposed to get paid get paid, while Vendor Pay Direct™ makes it faster and easier to manage supply side issues brought on by cash flow issues. This program can help with short or long-terms cash infusion ranging from $5,000 to $500,000 and are created with terms the borrower can live with. In most cases, the business can get funded in as little as 24-48 hours.
The benefit is that they are able to maintain continued purchasing cycles instead of ending up in an uncomfortable collection issue brought on by cash flow issues. In addition, Corporate Capital Direct has programs to help with payroll, purchase inventory and equipment or inject capital when buyers are slow to pay.
Frank Skelly who heads up FK Construction Funding said; “Lucrative contracts will be awarded, crews will be mobilized, equipment readied, material lists made but then reality will set in… a shortage of cash. What most people outside the business don't realize is the little guy carries most of the financial burden in the construction industry. That’s just how it is…. we offer a solution.”
Robert Denton founder of Corporate Capital Direct went on to say “These small contractors, subs and vendors often wait months for payment to show up, we see it all the time. Opportunities are missed, contracts are forfeited, relationships are damaged and it all comes back to the cash flow crunch that plagues this industry. Basically, we level the playing field for these guys.”
Construction contractors and subcontractors who have been able to secure new construction projects, but need a cash infusion to get started, or who are waiting to pay their vendors and employees until they receive final payment, should call FK Construction Funding and Corporate Capital Direct. In most cases, these projects can be funded in as little as 48 hours.
FK Construction Funding, a division of FACTOR KING® provides cash management and funds control solutions that are custom tailored to the construction industry. In addition to the traditional cash management services of advancing funds, FK Construction Funding will pay all of your suppliers, vendors and sub-subcontractors via joint check and forward the balance to you for payroll or other operating expenses.
With over 25 years as a funding partner, Corporate Capital Direct has a suite of lending solutions to help business owners with revolving lines, cash advances, equipment finance, and more. Founder and Director of Finance Rob Denton says, “Obtaining a business loan can be challenging enough. Business lending shouldn’t be stressful. That is what you will experience in working with Corporate Capital Direct.”
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