Client: A construction company based in Texas
Situation: Covid-19 related impacts created delays in the project Schedule. As a result, the debtors’ payments were delayed creating cashflow concerns. The company needed funds fast in order to make payroll.
Solution: $200,000 Construction Factoring Facility
Result: CapitalPlus was able to underwrite and have the funds to the client within four business days so no one missed a paycheck.