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.