Client: A mechanical contractor in Washington state
Situation: After suffering losses in 2018, the firm had taken on two million in MCA loans.
Solution: $3,500,000 Construction Factoring Facility and a 2M term loan with an ABL partner
Result: The company was able to pay off the $2,000,000 in high interest rate MCA debt, get current on $1,500,000 in union fees, and invest in future jobs.