Knoxville, TN – Nov. 21, 2024 – CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital that allows the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.
Despite having years of experience in the industry, the contractor was unable to secure a line of credit—the company, unfortunately, did not have a long enough track record for its bank. By partnering with CapitalPlus, the contractor found a reliable financing solution that accommodates their company’s all-too-common situation.
“We know how vital steady cash flow is for contractors to secure materials, meet their payroll, and facilitate business growth”
said Curt Powell, Executive Vice President of CapitalPlus. “With our flexible funding, the contractor was able to confidently manage their cash flow and focus on growing the masonry business.”
CapitalPlus’ years of experience focusing on construction financing allow them to adapt their services throughout the duration of a company’s operation — from a newly established one like this one to others with years of experience.
If you have questions about how factoring might benefit your business, call us at (865) 670-2345.
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