Client: A demolition, excavation and drilling contractor based in New York
Situation: This company had previously factored with CapitalPlus, so when they needed additional liquidity to take on a large project, they knew exactly where to turn.
Solution: $407,000 Construction Factoring Facility for a phase one demolition invoice on a $10,600,000 contract
Result: The contractor was able to meet payroll and start purchasing the needed materials for phase two.