Client: A demolition, excavation, and drilling contractor based in New York.
Situation: The company had factored phase one of a $10,600,000 contract with CapitalPlus, so when they needed cash flow to begin phase two, they knew they could count on us.
Solution: $1.2M Construction Receivables Finance Facility
Result: The company was able to purchase the materials needed for their concrete and structural steel contract and free up cash to meet payroll.