Construction Education Resources
News
CapitalPlus Provides $750,000 Factoring Facility to California Guardrail and Fencing ContractorKnoxville, TN – Dec. 9, 2024 – is proud to announce the successful funding of a $750,000 working capital facility for a California-based Department of Transportation guardrail and fencing contractor. This facility enabled the contractor to strengthen supplier relationships, enhance project execution, and position their business for long-term success.
General Blog
Everything You Need to Know About Construction BondsConstruction bonds are a critical component of the construction industry, offering financial protection and ensuring project completion. Whether you’re bidding on public projects, working with private owners, or managing subcontractors, understanding the various types of bonds and their roles can save your business from unexpected risks. This guide breaks down the essential details about bid...
General Blog
What is the Difference Between AR Factoring and AR Financing?Similar names, contrasting requirements and benefits. The difference between AR Factoring and AR Financing needs to be understood in order to pick which is best for helping with day-to-day cash flow issues.
News
CapitalPlus Supplies $560,000 Factoring Facility to a Philadelphia Masonry ContractorKnoxville, TN – Nov. 21, 2024 – CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital that allows the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options...
News
$1 Million Factoring Facility Provided to Underground Utility Contractor in FloridaKnoxville, TN – Nov. 5, 2024 – CapitalPlus Financial Services, a trusted provider of construction-focused financial solutions, has extended a $1 million factoring facility to a Florida-based underground utility contractor, empowering the business to take on new projects without waiting for client payments to clear. This tailored financing solution ensures that the contractor can focus...
News
CapitalPlus Provides $500,000 Factoring Facility to Illinois Finishing ContractorKnoxville, TN – Oct. 10, 2024 – CapitalPlus Financial Services, a leading provider of factoring services for the construction industry, is pleased to announce the successful facilitation of a $500,000 factoring facility for a growing interior finishing contractor based in Illinois. This strategic partnership comes at a crucial time as the contractor faced significant cash...
General Blog
Recourse vs Non-Recourse Factoring: Balancing Risk and CostsFactoring is a popular financial tool, especially in industries like construction. It offers quick access to cash while waiting for client payments. However, the decision between recourse factoring and non-recourse factoring is crucial for construction company owners. Understanding the difference is essential for choosing the option that best fits your business’s unique needs.
General Blog
Everything You Need to Know About Construction BondsConstruction bonds are a critical component of the construction industry, offering financial protection and ensuring project completion. Whether you’re bidding on public projects, working with private owners, or managing subcontractors, understanding the various types of bonds and their roles can save your business from unexpected risks. This guide breaks down the essential details about bid...
General Blog
What is the Difference Between AR Factoring and AR Financing?Similar names, contrasting requirements and benefits. The difference between AR Factoring and AR Financing needs to be understood in order to pick which is best for helping with day-to-day cash flow issues.
General Blog
Recourse vs Non-Recourse Factoring: Balancing Risk and CostsFactoring is a popular financial tool, especially in industries like construction. It offers quick access to cash while waiting for client payments. However, the decision between recourse factoring and non-recourse factoring is crucial for construction company owners. Understanding the difference is essential for choosing the option that best fits your business’s unique needs.
General Blog
Is an MCA Actually Best for Your Construction Business? Explore A Better AlternativeWhen cash flow issues hit your construction business, especially during the wait for accounts receivable, the need for quick financing becomes urgent. Many construction companies, especially small to medium-sized ones, turn to Merchant Cash Advances (MCAs) as a fast solution. But before you sign that MCA agreement, it’s worth exploring if there’s a better alternative:...
General Blog
Bidding on Federal Contracts - Financial Risks Small Contractors Must UnderstandTaking on government projects may seem appealing to construction companies looking for the promise of steady, long-term projects. However, the potential financial risks associated with taking on federal contracts should not be overlooked. According to the Small Business Administration’s data, even though 23% of government contracts are reserved for small businesses, many face challenges meeting...
General Blog
How Invoice Factoring Helps Drywall Businesses ThriveThe accounts receivable payment cycles of 45-90 days can really stretch cash flow thin making it difficult to pay your team and purchase required materials. This is when invoice factoring for drywall businesses can be a beneficial financial solution. Factoring provides an easier influx of cash by turning outstanding invoices into quick working capital.
General Blog
5 Ways to Determine if a Factoring Company is TrustworthyWhen you’re looking to grow your construction business, quick and easy access to cash flow can make all the difference in keeping your business running smoothly. That’s where a trustworthy factoring company comes in. Knowing you’re working with a reputable company brings needed peace of mind, allowing you to focus on running and growing your...
General Blog
Understanding Factoring for HVAC Contractors — When Is It The Best Option?The seasonal “feast or famine” job cycle of the HVAC industry means they are likely juggling multiple projects with different payment schedules. This makes managing daily working capital a challenge, especially for smaller HVAC businesses. In fact, according to AC/Heating/Refrigeration News, the biggest reason that HVAC companies fail is a lack of cash flow to...
Press Releases
CapitalPlus Financial Services Sponsors Crisis Management Room at East Tennessee Children's HospitalThe Knoxville, Tennessee-based construction financing company donates funds to help provide a calm space for area children and their families KNOXVILLE, Tenn., Feb. 7, 2022 /PRNewswire/ — CapitalPlus Financial Services, a leading provider of accounts receivable financing and material purchasing for construction companies, general contractors, and subcontractors, donated $25,000 to East Tennessee Children’s Hospital on...
Press Releases
CapitalPlus Named to ABF Journal's List of Most Innovative Companies in Specialty FinanceThe Tennessee-based CapitalPlus earns recognition based on its response to COVID-19 limitations that restricted the construction industry KNOXVILLE, Tenn., Sept. 27, 2021 /PRNewswire/ — CapitalPlus Financial Services, a leading provider of accounts receivable and materials purchasing for construction companies, general contractors, subcontractors, and disaster recovery providers, has been recognized by the ABF Journal as one...
Press Releases
NEW: CapitalPlus Launches Materials Purchasing ProgramCapitalPlus Knoxville launched a new Materials Purchasing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital. “The cash flow of companies in the construction industry was hit hard by the recently, with many projects paused or canceled outright,” explained Scott Applegate, President of CapitalPlus. “Contractors are often...
News
CapitalPlus Provides $750,000 Factoring Facility to California Guardrail and Fencing ContractorKnoxville, TN – Dec. 9, 2024 – is proud to announce the successful funding of a $750,000 working capital facility for a California-based Department of Transportation guardrail and fencing contractor. This facility enabled the contractor to strengthen supplier relationships, enhance project execution, and position their business for long-term success.
News
CapitalPlus Supplies $560,000 Factoring Facility to a Philadelphia Masonry ContractorKnoxville, TN – Nov. 21, 2024 – CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital that allows the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options...
News
$1 Million Factoring Facility Provided to Underground Utility Contractor in FloridaKnoxville, TN – Nov. 5, 2024 – CapitalPlus Financial Services, a trusted provider of construction-focused financial solutions, has extended a $1 million factoring facility to a Florida-based underground utility contractor, empowering the business to take on new projects without waiting for client payments to clear. This tailored financing solution ensures that the contractor can focus...
News
CapitalPlus Provides $500,000 Factoring Facility to Illinois Finishing ContractorKnoxville, TN – Oct. 10, 2024 – CapitalPlus Financial Services, a leading provider of factoring services for the construction industry, is pleased to announce the successful facilitation of a $500,000 factoring facility for a growing interior finishing contractor based in Illinois. This strategic partnership comes at a crucial time as the contractor faced significant cash...
News
CapitalPlus Supply Provides $3 Million in Materials to Support Louisiana ContractorKnoxville, TN – Sept. 19, 2024 – CapitalPlus Supply, a leading materials provider for the construction industry, is pleased to announce that it has provided a $3 million in materials to a prominent Louisiana-based civil contractor. The contractor, already managing a $25 million facility with their bank, needed additional support to handle large material orders...
News
CapitalPlus Secures $460K for Alabama Concrete Contractor's Continued GrowthKnoxville, TN, September 3, 2024 – CapitalPlus Financial Services, a leading provider of factoring solutions to the construction industry, has successfully assisted a concrete and rebar contractor based in Alabama with a $460,000 facility to support their working capital needs. This strategic funding has enabled the contractor, who is actively engaged in commercial and public...
News
CapitalPlus Successfully Onboards CA Tech Installation Company Ensuring Uninterrupted PayrollKnoxville, TN, August 21, 2024 – CapitalPlus Financial Services, a leading provider of construction invoice factoring, is proud to announce the successful onboarding of a California-based technology installation company. The company, previously engaged with another factoring firm, faced potential disruptions when their former provider ceased funding businesses in California.
News
Roofing Contractor's Growth Unlocked with $350k in Working Capital Facility from CapitalPlusKnoxville, TN – August 6, 2024 – CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
