Client: A long-term painting and drywall client based in Louisiana
Situation: Many of their projects were postponed in 2020 due to the pandemic. In April 2021, they were thrilled that five of their backlogged projects were kicking off, but they also knew that purchasing materials for five jobs simultaneously would put them in a large cash flow crunch.
Solution: $750,000 Construction Factoring Facility
Result: CapitalPlus worked with the client to increase their factoring facility and modify the advance rate to ensure they could meet the demands of the new work.