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Devcorp - PowerPoint PPT Presentation


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Who Needs Working Capital?. Solve your cash flow needs. With Contract Financing. Are You A Contractor?. (you’re not alone!). DevCorp. From. Contract. Financing. Construction Company Cash Flow:. Your company is awarded a contract. You order supplies, hire workers, get the job started.

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Presentation Transcript
slide1

Who Needs Working Capital?

Solve your cash flow needs

With Contract Financing

Are You A Contractor?

(you’re not alone!)

DevCorp

From

Contract

Financing

www.devcorp.net 702-732-1305

slide2

Construction Company Cash Flow:

  • Your company is awarded a contract
  • You order supplies, hire workers, get the job started
  • You work on the job for 30 days
  • You submit an invoice for finished work
  • You get paid 45 – 60 days later
  • It is common to work unpaid for 90 days or more!

AS YOU CAN KNOW, THIS CAN CAUSE A HUGE CASH FLOW PROBLEM!

www.devcorp.net 702-732-1305

slide3
Facts about Commercial Contractors:
  • You worry about payroll & ongoing expenses
  • You need additional working capital to bid jobs
    • Need to prove ability to carry the company 90 days or more
    • Need working capital to qualify for performance bonds
  • Many contractors have had glitches in their credit
  • Many can’t qualify for a bank line of credit
    • Credit for constructions companies is tight, tight, tight!
  • Many need help with financing!

www.devcorp.net 702-732-1305

slide4
DevCorp’s Contract Financing:
  • Can provide 10% mobilization before job begins
    • Your company can purchase supplies to start work
  • Can provide 80% invoice advances in 48 hours
    • You get needed cash flow for labor & overhead
  • Can help you qualify for needed bonding
  • Helps you grow your business
    • Access to working capital improves bidding capacity

www.devcorp.net 702-732-1305

slide5
DevCorp’s Contract Financing:
  • Is NOT based on the owner’s personal credit
    • We look at your company’s financial and technical strength
  • Is designed for small to mid sized construction firms
    • Annual revenues of $2MM to $25MM and more
  • Is priced below most factoring products
  • Does NOT require your business to sell invoices
    • DevCorp uses invoices as collateral instead

www.devcorp.net 702-732-1305

slide6
To Learn More…
  • Look over this web site very closely
    • Many questions will be answered here
  • Click on the “Do You Qualify” button
    • Find out if you qualify
  • Contact Mr. Kim Zook, National Sales Manager

www.devcorp.net 702-732-1305

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