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Early Pay Program
Constrafor's Early Pay Program: financing built for subcontractors
Application Process
- What is the Early Pay Program, and how does it work?
- How is Early Pay different from factoring?
- What is the estimated cost of financing with Constrafor’s Early Pay Program?
- How does the Early Pay Program work with your General Contractor?
- What documents or information do I need to apply?
- What if I don’t have a Work in Progress (WIP) document, which is required for the application?
- How long does the application process take?
- Why was my application rejected or delayed?
- How do I check the status of my application?
- A Step-by-Step Guide to Onboarding for Constrafor's Early Pay Program
Eligibility and Requirements
Using the Early Pay Portal
- How do I submit an invoice for early payment?
- How do I connect my bank account to Constrafor?
- What happens after I submit an invoice?
- How do I update my business or payment details?
- How do I track the invoices I’ve submitted for early payment?
- Can I manage multiple projects through the Early Pay Program?
Financial Questions
- How do I enable transactions for Payments?
- How much will I get paid upfront, and how is that calculated?
- What if my General Contractor disputes an invoice?
- How are reserves handled, and when will I receive the remainder of my invoice?
- How long does it take to receive payment after my invoice is approved?
- Are there any fees for using the Early Pay Program?
- Will using the Early Pay Program affect my credit or debt?
- How do I download a report?
- Do Factoring Companies Send Out 1099s?
- Understanding UCC Filings in Constrafor’s Early Pay Program
Security and Compliance
- Is the Early Pay Program secure?
- How does Constrafor handle my data?
- Understanding Plaid: Securely Connecting Your Bank with Constrafor
- Understanding Stripe: Powering Secure Payments on Constrafor
- Understanding the Banking Infrastructure Behind Your Payments: Stripe and Fifth Third Bank
- What is a Notice of Assignment (NOA) and why does Constrafor file it?