Client: A directional drilling contractor headquartered in Oklahoma
Situation: The company was working on a project in New Mexico and needed cash flow to meet payroll. But due to progress billing their current factoring company could not fund their invoice.
Solution: $500,000 Construction Factoring Facility
Result: The contractor was able to pay off the other factoring company and meet payroll. In addition, now they do not have to wait for payment before starting their next project.