Client: A mechanical electrical/plumbing contractor
Situation: This existing CapitalPlus contractor needed working capital to purchase over a million dollars of new materials and supplies to take on a large contract, which did not allow materials to be invoiced at delivery. Without a cash infusion, they would have to pass on the opportunity.
Solution: $2,000,000 Receivables Funding
Result: The contractor was able to purchase the equipment and start the new project, now successfully underway.