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.