Liquid Capital
of Northeast Ohio

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    CONTRACTOR FINANCING PROGRAM   (PDF)






Liquid Capital of Northeast Ohio understands that there is a need for innovative financing
solutions for small to medium sized companies in the building industry. Most contractors are
significantly undercapitalized, yet conventional lenders (and many alternative funding
sources) tend to avoid them.

Our Contractor Financing Program is designed to provide working capital for companies
(contractors or subcontractors) that are performing work on small to medium construction
projects for commercial customers, including new construction, renovation and repair. The
decision to offer funding is based on the financial strength of the contractor’s customers, not
on the contractor’s own financial position or length of time in business. We provide
immediate access to payment for completed work once an invoice has been approved by the
customer, who may be a General Contractor, commercial property owner, builder or
developer.

Here’s how it works:

  • Contractor completes a job or reaches a defined progress milestone.
  • Contractor prepares an invoice for the completed work that has definite payment terms
    (such as Net 30).
  • Customer verifies in writing that the work has been completed to its satisfaction and
    agreeing to pay the invoice when it is due.
  • Liquid Capital purchases the invoice and immediately advances the contractor 75%-80% of
    its face value, holding a percentage in reserve for contingencies.
  • Liquid Capital takes responsibility for mailing the invoice, collecting it and processing
    payment.
  • When the invoice is paid the contractor receives the reserve balance less any applicable
    fees or adjustments.

Bottom line – instead of waiting 45-60 days (or more) for payment a business can get a
substantial portion of its invoices paid the next business day and with less administrative
overhead.

Please note, there are some important restrictions – the customer must be willing to comply
with this arrangement and meet certain other qualifications. Contact us for details.

Financing is available for contractors with an average of $10,000 in qualifying invoices per
month or more. We have no minimums or long term commitments – use the financing when
you need it for as long as you need it.

For more information about this program or to submit an application please contact Liquid Capital
of Northeast Ohio by phone at (440) 734-3321 or by email at info@lcneo.com.
Fast and flexible funding when your business needs it
LIQUID CAPITAL OF
NORTHEAST OHIO
ANNOUNCES NEW
FINANCING
PROGRAMS FOR
SMALL BUSINESSES
LIQUID CAPITAL OF
NORTHEAST OHIO
ANNOUNCES THREE
NEW CLIENTS
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