Client: A full service electric and utility provider for the power industry in Louisiana
Situation: In responding to emergencies and power grid disruption after Hurricane Laura, the company needed to add 100 crews to meet demand but needed working capital to pay union dues and meet payroll.
Solution: $5,000,000 Construction Factoring Facility
Result: The company was able to make the union dues and hire the needed crews to meet the demand and get the Louisiana power grid up and running.