Frequently Asked Questions
Mobilization Funding lends funds to contractors and manufacturers to help bridge the gap between the start of a job and the influx of the first draws / receivables related to those jobs.
We are a unique, short term lending platform that can serve as an alternative to cash advance or factoring loans. We provide upfront funding for your awarded contract, that way you, the contractor, have solid financial footing to fulfill the project as you were hired to do.
The funding process involves the client filling out a simple application, requiring some financial documents and a phone call with one of our loan officers. Once finished, and if approved, we will send you a term sheet to show you exactly the cost of the loan. The entire process takes about five business days once the paperwork is submitted.
Mobilization Funding does not have a residential lending program.
Yes. We can provide funding any time after a contract is awarded.
Our funding process generally takes about five business days, largely depending upon how quickly the prospective client is able to complete the application and submit required documents.
Yes, we often partner with financial brokers who are looking for lending alternatives for their commercial clients.
The money from the loan can be used for any job related costs – labor, supplies, equipment, insurances, etc.
There are closing costs and interest on the principle balance. You will receive a term sheet that details exactly what your loan will cost BEFORE you have to make a decision. The cost depends on the pay back schedule, amount borrowed, and the term of the loan.
Contract Financing Questions
Commercial construction contractors, subcontractors, and manufacturers need cash flow before a project starts to secure equipment, buy insurance, cover payroll, and many other critical business expenses.
A contract loan is one option for contractors, subcontractors and manufacturers to borrow the funds they need.
You can learn more about commercial construction financing and contract loans by reading About Construction and Manufacturing Loans.
Many commercial construction contractors wait until after a project has started to seek funding, but this approach can have serious consequences. The best strategy is to consider the cost and method of any needed capital during the bidding process of a job.
Despite sizable growth in the industry, construction and manufacturing are still considered high-risk for many lenders. Many contractors simply cannot qualify for traditional bank or SBA loans. Due to the nature of the industry, you may need financing to cover project expenses, bond premiums, labor and materials costs before you receive your first payment.
Alternative lenders provide commercial construction contractors the financing they need when they need it. These lenders allow companies to take on more risk, bid competitively on bigger projects, and grow their business.