Client: A self-performing commercial general contractor based in Texas
Situation: This contractor had excellent debtors and was not behind on payments. They had a large project with the Houston Housing Authority (HHA), but were constantly waiting for payment. As a result of this restricted cash flow, they could not take on more projects.
Solution: $200,000 Construction Factoring Facility with ability to increase
Result: By factoring their HHA invoices, they now have the working capital they need to accept new projects.