CapitalPlus Construction Services, the leading provider of accounts receivable financing for the construction industry, is helping contractors of all sizes with much-needed liquidity. As halted construction projects restart or plans on hold finally get greenlighted, cash flow is an essential ingredient in order to get work underway. Many are relying on steady cash flow from CapitalPlus factoring to purchase materials, meet payroll, and more. August’s transactions demonstrated that CapitalPlus can offer a dependable funding solution in a rapidly evolving marketplace.
Representative transactions included:
- $200,000 Construction Factoring Facility for a Texas construction company.
- $100,000 Construction Factoring Facility for a finishing subcontractor based in Washington.
- $1.2 million Construction Factoring Facility for phase two of a $10,600,000 contract for a New York demolition, excavation and drilling contractor.