Client: Concrete rebar contractor in Florida
Situation: This current CapitalPlus client has been working on Amazon warehouses across the Southeast. Due to exceptional performance, they were asked to work on several more warehouses over the next year and would need to increase their payroll substantially.
Solution: $1,000,000 Construction Factoring Facility
Result: The contractor took advantage of their facility and funded several invoices to generate working capital while waiting to receive payment from their retainage invoices. They were able to start new projects and not stress over meeting their bi-weekly payroll.