Client: A painting and drywall contractor based in Louisiana
Situation: COVID-19 slowed some of their projects which, due to the nature of their progress billing contract, stalled expected cashflow and left them unable to meet expenses.
Solution: $500,000 of a $2,000,000 Construction Factoring Facility
Result: Our funding helped the company meet their weekly payroll and vendor payments, as well as provide the cash flow they needed to continue to taking on new projects