Your
Construction Financing Specialist
Don’t let waiting on accounts receivable hold your business back! For over 25 years, we’ve delivered temporary working capital plus back-office support to help you secure funds, get peace of mind, and focus on what you do best — building your business.
Construction Financing Options That
Keep You Building:
CapitalPlus Financial Services is the construction's leader in industry-focused accounts receivable factoring. Learn how it is used by millions to fix their temporary cash flow shortfalls.
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Whether you need concrete, raw steel, framing materials, fencing, HVAC systems, or any others let CapitalPlus be your Supply Chain partner. We can purchase your construction materials and give you better payment terms than most suppliers.
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Protect your construction business with comprehensive general liability and workers' comp insurance tailored to your needs.
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CapitalPlus offers a number of back-office services including Lien Compliance, Funds Control, and Bookkeeping services to support your company.
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Case Studies:
Commercial Construction
Thousands of businesses like yours have benefited from CapitalPlus' construction financing since 1998. Read a few of the many success stories.
General Contractor
Client:
General Contractor in Florida
Situation:
Working on a luxury resort hotel project, the wait for accounts receivable payments made it impossible for the contractor to pay their workforce.
Solution:
$280,000 initial funding on the $1,500,000 contract.
Result:
With CapitalPlus’ construction financing the contractor was able to meet payroll on time. They also took comfort in the fact that CapitalPlus’ lien compliance ensured all subs and vendors were paid and signed lien waivers. Factoring enabled them to spend 100% of their time focused on their project and not worrying about back-office stress.
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HVAC Contractor
Client:
HVAC and Plumbing contractor based out of New Jersey
Situation:
Because the client has no prior payment history, their materials supplier was unwilling to offer them credit terms longer than 30 days. However, their customers typically take 70-90 days to pay.
Solution:
$100,000 in raw materials through CapitalPlus’ Materials Purchasing Program.
Result:
With CapitalPlus’ help, the contractor was still able to maintain their net 30 payment terms with the supplier and avoid potentially hurting their business by paying out of pocket while waiting to receive payment.
Concrete Contractor
Client:
A concrete contractor based in Texas
Situation:
The firm landed a $1,200,000 contract with the City of Houston but needed a large cash infusion for upfront costs. Due to various issues and the amount required, their current financing company was not able to provide funding.
Solution:
$1,200,000 in Invoice Factoring funds
Result:
The contractor was able to take on the new contract, purchase materials, pay subcontractors, and meet the weekly payroll.
Mechanical, Electrical and Plumbing Contractor
Client:
A mechanical, electrical/plumbing contractor
Situation:
This existing CapitalPlus client needed working capital to purchase over a million dollars of new materials and supplies to take on a large contract, which did not allow materials to be invoiced at delivery. Without a cash infusion, the contractor would have to pass on the opportunity.
Solution:
$2,000,000 in Account Receivables financing
Result:
The contractor was able to purchase the equipment and start the new project, now successfully completed.
Rebar Contractor
Client:
Concrete rebar contractor in Florida
Situation:
This repeat CapitalPlus client has been working on Amazon warehouses across the Southeast. Due to exceptional performance, they were asked to work on several more warehouses over the next year. They would need to increase their staff and payroll substantially to fill the order.
Solution:
$1,000,000 in Construction financing
Result:
The contractor took advantage of their facility and funded several invoices to generate working capital while waiting to receive payment from their retainage invoices. They were able to start all the new projects and not stress over meeting their bi-weekly payroll.
Civil Construction
Client:
A civil construction firm based in Tennessee
Situation:
This firm had an opportunity to take on a new, large contract but needed additional cash flow. A broker recommended CapitalPlus for their industry expertise in construction invoice factoring.
Solution:
$2,200,000 in Construction Financing
Result:
CapitalPlus’ funding is supporting this company’s immediate cash flow needs enabling them to bring on new projects.
Masonry and Concrete Subcontractor
Client:
A masonry and concrete subcontractor working in Atlanta, GA
Situation:
This subcontractor had been receiving funds from another factoring company that recently made a strategic decision to no longer work in the construction industry. That left the subcontractor without the needed cash flow to pay vendors and meet payroll.
Solution:
$52,000 in Factoring funding
Result:
The contractor had the working capital they needed to take on a large and significant restoration of a stone wall on a historical property, and is now well-positioned to bid on larger projects in the future.
Concrete Contractor
Client:
A start-up concrete contractor in Florida
Situation:
This long-time entrepreneur had an opportunity to take on a large contract and needed working capital. However, even with decades of experience, banks were unwilling to offer him a line of credit due to his new company being in business less than a year. CapitalPlus conducted due diligence and became comfortable with his debtor and were able to offer financing.
Solution:
$1,400,000 in Factoring funds
Result:
The new company now feels comfortable taking on the large contract and is well on its way toward future growth.
Demolition, Excavation and Drilling
Client:
A demolition, excavation, and drilling contractor based in New York.
Situation:
The company had used factoring from CapitalPlus for the initial phase of a $10,600,000 contract. When they needed cash flow to begin the second phase they knew they could count on additional financing.
Solution:
$1.2M in additional Construction Receivables Financing
Result:
The company was able to purchase the materials needed for their concrete and structural steel contract and free up cash to meet their payroll.
General Contractor
Client:
A self-performing commercial general contractor based in Texas.
Situation:
This contractor had excellent debtors that were not behind on payments. They had a large project with the Houston Housing Authority (HHA), but were constantly waiting for payment. As a result of this restricted cash flow making it impossible to take on more projects.
Solution:
$200,000 Construction Financing with ability to increase
Result:
By factoring their HHA invoices, they now have the working capital they need to accept new projects.
Directional Drilling Contractor
Client:
A directional drilling contractor in Oklahoma
Situation:
This contractor was working on a windmill farm project but needed an infusion of cash to move on to the next phase of the project.
Solution:
$1,000,000 in Construction Financing funds
Result:
The increased cash flow enabled the contractor to pay their suppliers, meet payroll, and not have to wait for payment before starting the next phase of the project.
Excavation Company
Client:
An Excavation Company in Massachusetts
Situation:
This company took on a project at an out-of-state job site and needed to lease equipment locally. Because the local leasing firm did not have any history with our client, they wanted payment upon delivery.
Solution:
$93,000 in Accounts Receivable Financing
Result:
CapitalPlus provided the leasing firm with assurance of payment, allowing the leasing company to provide 45-day terms. We quickly funded each monthly invoice and directly paid off the equipment lease.
Fabrication and Erection Contractor
Client:
A steel fabrication and erection contractor headquartered in Florida
Situation:
Due to the nature of fabricating, this firm exhausted a large amount of their working capital on the front end of their projects for the materials, resulting in cash being tight for payroll. They began work on another sizable contract with a repeat debtor who had shown exceptional payment turnaround on their last project and knew they would need further support. An existing CapitalPlus client, we were able to increase their factoring facility from $250,000 to $400,000.
Solution:
$400,000 in Construction Factoring funds
Result:
The increased cash flow gave them the breathing room they needed allowing them to meet payroll and the supplier’s terms.
Architectural Millwork
Client:
An architectural millwork contractor in Virginia
Situation:
This company was awarded a large project in March and wanted to ensure they had the proper financing in place to execute the scope of work before accepting. CapitalPlus approved them in April, but due to COVID-19 their portion of the project was put on hold.
Solution:
$350,000 in Construction Factoring funds
Result:
With the flexibility of CapitalPlus’ construction financing, they were able to continue work on other projects knowing our funding would be there for them once the large project received the green light. In November, work started up and we assisted with their first round of invoicing so they could meet payroll and purchase needed materials.
Underground Utility Contractor
Client:
An underground fiber optic telecommunications contractor based in Colorado
Situation:
This company was asked to take on more work by their General Contractor whose terms were 60 days. They knew they wouldn’t be able to meet payroll or purchase materials while waiting and asked for earlier payment. The General Contractor was being stretched by the project owner and could not help.
Solution:
$150,000 in Spot Factoring
Result:
Having the flexibility to choose which invoices they wanted to factor, gave them the cash flow they need to meet payroll and purchase upfront materials without worrying about relying on the General Contractor.
Finishing Contractor
Client:
A finishing contractor based in Maryland
Situation:
This growing client had several large projects on the horizon and knew their $300k bank line of credit would not give them enough working capital to stay on schedule. Despite being a long-term bank customer, the bank denied their request for an increase due to industry uncertainty. Since their upcoming projects are spread over several debtors, CapitalPlus was able to offer them a solution using factoring.
Solution:
$15,000 in initial funding on a $500,000 Construction Project
Result:
The company was able to pay off its existing $300k line of credit with its bank and now has the working capital flexibility it needed to stay on schedule. In addition, the factoring amount could be increased because of the newly established payment history allowing the addition of new debtors.
Roofing and Siding Contractor
Client:
A Connecticut-based roofing and siding contractor
Situation:
The company had taken on two new sizable contracts that required extended payment terms, which impacted its ability to meet vendor payments. But they already had several merchant cash advance (MCA) loans and did not want to take on any additional high-interest-rate loans.
Solution:
$500,000 in Accounts Receivable funding
Result:
They were able to pay off their high-interest MCA loans and still have the cash flow they needed to meet vendor payments.
Tile Contractor
Client:
Tile Contractor based in Tennessee
Situation:
Due to the spotty nature of contracts, the company needed additional working capital quickly to keep the projects in their pipeline running smoothly.
Solution:
$25,000 in Invoice Factoring
Result:
Choosing to work with their local factoring company, CapitalPlus, the infusion of cash helped the contractor meet payroll, purchase materials, and ultimately meet the tight project deadlines.
Commercial Electrical Contractor
Client:
Commercial Electrical Contractor in Northern California
Situation:
This contractor specializes in wiring systems for fueling and underground storage at retail gas stations. Their latest customer was taking too long to pay so they did not have the working capital needed to take on additional contracts.
Solution:
$20,000 in Invoice Factoring
Result:
With increased cash flow, our client was able to make payroll and start a new project while waiting on the original customers’ payment.
Empowering Construction Businesses Since 1998
Our clients say it best. Their testimonials tell how CapitalPlus' construction financing solutions keep their businesses moving forward – quickly and affordably.
Recent Successes — Keeping You Building
