CapitalPlus Financial Services, the leading provider of accounts receivable financing for the construction industry, is helping contractors build from the ground up as businesses react to changing pandemic conditions. Project deferrals, restarts, and temporary delays have left many businesses without the steady working capital they need. CapitalPlus is filling the gap so they can staff up, purchase supplies, and take on new business.
October’s transactions demonstrated that CapitalPlus can respond quickly to changing economic conditions and offer a reliable funding solution. Representative transactions included:
- $1.5 million Construction Factoring Facility for a civil engineering firm in Texas as their previously-cancelled projects were re-started.
- $500,000 Construction Factoring Facility for a directional drilling contractor in Oklahoma so they could switch from their current factor who would not factor progress billing invoices.
- $200,000 Construction Factoring Facility for a Miami millwork and cabinetry company.
- $100,000 Construction Factoring Facility for a security equipment installer in Indiana so they could take on multiple projects simultaneously.