Client: Concrete contractor based in Connecticut
Situation: The company began to fall behind on their accounts payable due to their debtor stretching payment. They had an opportunity to bid on several potential projects but were unsure they would have the cash flow they needed to take on additional work.
Solution: $450,000 Construction Factoring Facility
Result: With financing in place, the contractor was assured they could meet their weekly payroll and monthly vendor payments, plus take advantage of new bidding opportunities.