CapitalPlus Financial Services, the leading provider of accounts receivable financing for the construction industry, is helping contractors get back into the rhythm of new business as projects begin to break ground. The uncertain climate has left many without the steady working capital they need, but CapitalPlus’ flexibility and speed of funding has helped many react to the changing business climate. Firms are staffing up, purchasing supplies and taking on new contracts.
November 2020’s transactions demonstrated that CapitalPlus offers a flexible and reliable funding solution. Representative transactions included:
- $350,000 Construction Factoring Facility for an architectural millwork contractor in Virginia on a project that had been deferred due to COVID-19.
- $200,000 Construction Factoring Facility for a fabrication and erection contractor based in Florida so they could take on new contracts.
- $100,000 Construction Factoring Facility for a concrete contractor in Texas so they could double payroll.