3. How does the Single Invoice Construction Factoring Program work?

3. How does the Single Invoice Construction Factoring Program work?

Single Invoice Construction Factoring involves selling an invoice to Capstone after we have verified that the work described in the invoice has been performed to the satisfaction of the General Contractor or the Owner. Once we verify the work has been performed to their satisfaction and they acknowledge that payment will be made to Capstone, we purchase the invoice providing essential working capital to you. Subcontractors and certain General Contractor use this program to cover payroll and other operating expenses, pay suppliers early in exchange for prompt payment discounts which in turn provides confidence to bid on more jobs to create a backlog of work.

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