Case Studies

Our
Case Studies

We’re thrilled to use our industry expertise and construction financing solutions to help our clients grow and succeed. Take a look at how our solutions have helped other companies like yours.

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 our industry expertise and construction factoring.

Solution:

$2,200,000 Construction Factoring Facility

Result:

The credit facility is supporting this company’s immediate cash flow needs and enabling them to bring on new projects

Mechanical, Electrical and Plumbing Contractor

Client:

A mechanical electrical/plumbing contractor

Situation:

This existing CapitalPlus contractor 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, they would have to pass on the opportunity.

Solution:

$2,000,000 Receivables Funding

Result:

The contractor was able to purchase the equipment and start the new project, now successfully underway.

Concrete Contractor

Client:

A start-up concrete contractor in Florida

Situation:

Even with decades of experience, banks were unwilling to offer this entrepreneur a line of credit since the company had been in business less than a year. They had an opportunity to take on a large contract but needed working capital. CapitalPlus conducted due diligence and became comfortable with their debtor so we could offer funding.

Solution:

$1,400,000 Factoring Facility

Result:

The new company now feels comfortable taking on the large contract and is well on their way toward success.

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 COVID-19 and amount required, their current financing company was not able to provide funding.

Solution:

$1,200,000 Construction Factoring Facility

Result:

The company was able to take on the new contract, purchase materials, pay subcontractors and meet weekly payroll.

Demolition, Excavation and Drilling

Client:

A demolition, excavation, and drilling contractor based in New York.

Situation:

The company had factored phase one of a $10,600,000 contract with CapitalPlus, so when they needed cash flow to begin phase two, they knew they could count on us.

Solution:

$1.2M Construction Receivables Finance Facility

Result:

The company was able to purchase the materials needed for their concrete and structural steel contract and free up cash to meet payroll.

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 Construction Factoring Facility

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.

Rebar Contractor

Client:

Concrete rebar contractor in Florida

Situation:

This current 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 and would need to increase their payroll substantially.

Solution:

$1,000,000 Construction Factoring Facility

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 new projects and not stress over meeting their bi-weekly payroll.

General Contractor

Client:

A self-performing commercial general contractor based in Texas

Situation:

This contractor had excellent debtors and was 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, they could not take on more projects.

Solution:

$200,000 Construction Factoring Facility with ability to increase

Result:

By factoring their HHA invoices, they now have the working capital they need to accept new projects.

Excavation Company

Client:

Excavation Company in Massachusetts

Situation:

This company took on a project with an out-of-state job site and needed to lease equipment locally. The local equipment company did not have any history with our client and wanted payment upon delivery.

Solution:

$93,000 Factoring Facility

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 materials, resulting in cash being tight for payroll. They began work on a 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 Construction Factoring Facility

Result:

The increased cash flow gave them the breathing room they needed and allowed them to meet payroll and supplier 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 Construction Factoring Facility

Result:

With the flexibility of our factoring product, they were able to continue work on other projects knowing our financing 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, but the General Contractor was being stretched by the project owner and could not help.

Solution:

$150,000 Construction Factoring Facility

Result:

They have the flexibility to choose which invoices they would like to factor, which gives them the cash flow they need to meet payroll and purchase upfront materials without worrying about collecting from the General Contractor.

Masonry and Concrete Subcontractor

Client:

A masonry and concrete subcontractor in Atlanta, GA

Situation:

This company had been factoring with another firm which recently made a strategic decision not to work in the construction industry. That left the subcontractor without the needed cash flow to pay vendors and meet payroll.

Solution:

$52,000 Construction Factoring Facility

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.

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 COVID-19 uncertainty. Since their upcoming projects are spread over several debtors, CapitalPlus was able to offer them a factoring facility.

Solution:

$15,000 initial funding of a $500,000 Construction Factoring Facility

Result:

The company was able to pay off their existing $300k line of credit with their bank, and now has the working capital flexibility they need to stay on schedule. In addition, the factoring facility can be increased by establishing a payment history and adding 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 their 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 Construction Factoring Facility

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:

The company needed additional working capital quickly to keep projects in the pipeline running smoothly.

Solution:

$25,000 Factoring Facility

Result:

The funding helped them meet payroll, purchase materials, and ultimately meet their tight project deadline.

General Contractor

Client:

General Contractor in Florida

Situation:

Working on a luxury resort hotel project, this company needed funding for payroll and assistance with lien compliance.

Solution:

$280,000 Initial Funding of a $1,500,000 Contract

Result:

The company was able to meet payroll on time, and our lien compliance efforts ensured all subs and vendors were paid and signed lien waivers. Our solution enabled them to spend 100% of their time focused on the project and not worrying about the back office stress.

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. Customers were taking too long to pay and he didn’t have the working capital he needed to take advantage of new opportunities.

Solution:

$20,000 Factoring Facility

Result:

With increased cash flow, our client was able to fund and start a new project.

Our Case Studies

Civil Construction

Client:

Situation:

Solution:

Result:

Mechanical, Electrical and Plumbing Contractor

Client:

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Concrete Contractor

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Concrete Contractor

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Demolition, Excavation and Drilling

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Directional Drilling Contractor

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Rebar Contractor

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General Contractor

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Excavation Company

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Fabrication and Erection Contractor

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Architectural Millwork

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Underground Utility Contractor

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Masonry and Concrete Subcontractor

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Finishing Contractor

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Roofing and Siding Contractor

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Tile Contractor

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Situation:

Our
Case Studies