CapitalPlus Financial Services, the leading provider of accounts receivable financing for the construction industry, helped construction companies continue to respond to the effects of the pandemic with much-needed liquidity to meet payroll, purchase supplies, and more. May 2020 transactions showed contractors of all types and sizes are finding factoring offers a dependable funding solution during uncertain economic times.
Representative transactions included:
- $3,000,000 Construction Factoring Facility for an interior/exterior contractor specializing in retirement communities in Virginia
- $1,200,000 Construction Factoring Facility for a concrete contractor in Texas
- $150,000 Construction Factoring Facility for an interior finish contractor in Florida
- $126,000 Construction Factoring Facility for a Demolition and Renovation contractor in California
- $55,000 Construction Factoring Facility for an HVAC Contractor working on a military base in Arizona
