Construction Education Resources
News
CapitalPlus Provides $500,000 Factoring Facility to Illinois Finishing ContractorKnoxville, TN – Oct. 10, 2024 – CapitalPlus Financial Services, a leading provider of factoring services for the construction industry, is pleased to announce the successful facilitation of a $500,000 factoring facility for a growing interior finishing contractor based in Illinois. This strategic partnership comes at a crucial time as the contractor faced significant cash...
General Blog
Recourse vs Non-Recourse Factoring: Balancing Risk and CostsFactoring is a popular financial tool, especially in industries like construction. It offers quick access to cash while waiting for client payments. However, the decision between recourse factoring and non-recourse factoring is crucial for construction company owners. Understanding the difference is essential for choosing the option that best fits your business’s unique needs.
News
CapitalPlus Supply Provides $3 Million in Materials to Support Louisiana ContractorKnoxville, TN – Sept. 19, 2024 – CapitalPlus Supply, a leading materials provider for the construction industry, is pleased to announce that it has provided a $3 million in materials to a prominent Louisiana-based civil contractor. The contractor, already managing a $25 million facility with their bank, needed additional support to handle large material orders...
News
CapitalPlus Secures $460K for Alabama Concrete Contractor's Continued GrowthKnoxville, TN, September 3, 2024 – CapitalPlus Financial Services, a leading provider of factoring solutions to the construction industry, has successfully assisted a concrete and rebar contractor based in Alabama with a $460,000 facility to support their working capital needs. This strategic funding has enabled the contractor, who is actively engaged in commercial and public...
News
CapitalPlus Successfully Onboards CA Tech Installation Company Ensuring Uninterrupted PayrollKnoxville, TN, August 21, 2024 – CapitalPlus Financial Services, a leading provider of construction invoice factoring, is proud to announce the successful onboarding of a California-based technology installation company. The company, previously engaged with another factoring firm, faced potential disruptions when their former provider ceased funding businesses in California.
General Blog
Is an MCA Actually Best for Your Construction Business? Explore A Better AlternativeWhen cash flow issues hit your construction business, especially during the wait for accounts receivable, the need for quick financing becomes urgent. Many construction companies, especially small to medium-sized ones, turn to Merchant Cash Advances (MCAs) as a fast solution. But before you sign that MCA agreement, it’s worth exploring if there’s a better alternative:...
News
Roofing Contractor's Growth Unlocked with $350k in Working Capital Facility from CapitalPlusKnoxville, TN – August 6, 2024 – CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
General Blog
Bidding on Federal Contracts - Financial Risks Small Contractors Must UnderstandTaking on government projects may seem appealing to construction companies looking for the promise of steady, long-term projects. However, the potential financial risks associated with taking on federal contracts should not be overlooked. According to the Small Business Administration’s data, even though 23% of government contracts are reserved for small businesses, many face challenges meeting...
General Blog
Recourse vs Non-Recourse Factoring: Balancing Risk and CostsFactoring is a popular financial tool, especially in industries like construction. It offers quick access to cash while waiting for client payments. However, the decision between recourse factoring and non-recourse factoring is crucial for construction company owners. Understanding the difference is essential for choosing the option that best fits your business’s unique needs.
General Blog
Is an MCA Actually Best for Your Construction Business? Explore A Better AlternativeWhen cash flow issues hit your construction business, especially during the wait for accounts receivable, the need for quick financing becomes urgent. Many construction companies, especially small to medium-sized ones, turn to Merchant Cash Advances (MCAs) as a fast solution. But before you sign that MCA agreement, it’s worth exploring if there’s a better alternative:...
General Blog
Bidding on Federal Contracts - Financial Risks Small Contractors Must UnderstandTaking on government projects may seem appealing to construction companies looking for the promise of steady, long-term projects. However, the potential financial risks associated with taking on federal contracts should not be overlooked. According to the Small Business Administration’s data, even though 23% of government contracts are reserved for small businesses, many face challenges meeting...
General Blog
How Invoice Factoring Helps Drywall Businesses ThriveThe accounts receivable payment cycles of 45-90 days can really stretch cash flow thin making it difficult to pay your team and purchase required materials. This is when invoice factoring for drywall businesses can be a beneficial financial solution. Factoring provides an easier influx of cash by turning outstanding invoices into quick working capital.
General Blog
5 Ways to Determine if a Factoring Company is TrustworthyWhen you’re looking to grow your construction business, quick and easy access to cash flow can make all the difference in keeping your business running smoothly. That’s where a trustworthy factoring company comes in. Knowing you’re working with a reputable company brings needed peace of mind, allowing you to focus on what matters most –...
General Blog
Understanding Factoring for HVAC Contractors — When Is Right?The seasonal “feast or famine” job cycle of the HVAC industry means they are likely juggling multiple projects with different payment schedules. This makes managing daily working capital a challenge, especially for smaller HVAC businesses. In fact, according to AC/Heating/Refrigeration News, the biggest reason that HVAC companies fail is a lack of money to pay...
General Blog
Plumbing Contractors: Get Quick Access to Working Capital with Invoice FactoringAre you struggling to keep your business running smoothly while waiting on payments? You are not alone. That’s why thousands of plumbing contractors turn to factoring to can give them immediate access to working capital.
General Blog
What is a Factoring Company? How Does it Help Construction?In business, companies, especially in the construction industry, often face financial challenges. From handling large projects with extended payment terms to managing seasonal fluctuations, the need for reliable cash flow is paramount. Traditional financing options like bank loans or lines of credit may not always be accessible or quick enough to meet these demands. This...
Press Releases
CapitalPlus Financial Services Sponsors Crisis Management Room at East Tennessee Children's HospitalThe Knoxville, Tennessee-based construction financing company donates funds to help provide a calm space for area children and their families KNOXVILLE, Tenn., Feb. 7, 2022 /PRNewswire/ — CapitalPlus Financial Services, a leading provider of accounts receivable financing and material purchasing for construction companies, general contractors, and subcontractors, donated $25,000 to East Tennessee Children’s Hospital on...
Press Releases
CapitalPlus Named to ABF Journal's List of Most Innovative Companies in Specialty FinanceThe Tennessee-based CapitalPlus earns recognition based on its response to COVID-19 limitations that restricted the construction industry KNOXVILLE, Tenn., Sept. 27, 2021 /PRNewswire/ — CapitalPlus Financial Services, a leading provider of accounts receivable and materials purchasing for construction companies, general contractors, subcontractors, and disaster recovery providers, has been recognized by the ABF Journal as one...
Press Releases
NEW: CapitalPlus Launches Materials Purchasing ProgramCapitalPlus launched a new Materials Purchasing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital. “The cash flow of companies in the construction industry was hit hard by the recently, with many projects paused or canceled outright,” explained Scott Applegate, President of CapitalPlus. “Contractors are often required...
News
CapitalPlus Provides $500,000 Factoring Facility to Illinois Finishing ContractorKnoxville, TN – Oct. 10, 2024 – CapitalPlus Financial Services, a leading provider of factoring services for the construction industry, is pleased to announce the successful facilitation of a $500,000 factoring facility for a growing interior finishing contractor based in Illinois. This strategic partnership comes at a crucial time as the contractor faced significant cash...
News
CapitalPlus Supply Provides $3 Million in Materials to Support Louisiana ContractorKnoxville, TN – Sept. 19, 2024 – CapitalPlus Supply, a leading materials provider for the construction industry, is pleased to announce that it has provided a $3 million in materials to a prominent Louisiana-based civil contractor. The contractor, already managing a $25 million facility with their bank, needed additional support to handle large material orders...
News
CapitalPlus Secures $460K for Alabama Concrete Contractor's Continued GrowthKnoxville, TN, September 3, 2024 – CapitalPlus Financial Services, a leading provider of factoring solutions to the construction industry, has successfully assisted a concrete and rebar contractor based in Alabama with a $460,000 facility to support their working capital needs. This strategic funding has enabled the contractor, who is actively engaged in commercial and public...
News
CapitalPlus Successfully Onboards CA Tech Installation Company Ensuring Uninterrupted PayrollKnoxville, TN, August 21, 2024 – CapitalPlus Financial Services, a leading provider of construction invoice factoring, is proud to announce the successful onboarding of a California-based technology installation company. The company, previously engaged with another factoring firm, faced potential disruptions when their former provider ceased funding businesses in California.
News
Roofing Contractor's Growth Unlocked with $350k in Working Capital Facility from CapitalPlusKnoxville, TN – August 6, 2024 – CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
News
CapitalPlus Provides $250,000 Spot Factoring Facility to Arizona-Based Concrete SubcontractorKnoxville, TN – May 1, 2024 – CapitalPlus Financial Services, a leader in construction-specific factoring, announced today that it has extended a $250,000 spot factoring working capital facility to a rapidly growing concrete subcontractor based in Arizona.
News
CapitalPlus Facilitates a $1.25M Funding for a Reno-based Finishing ContractorKnoxville, TN – April 2, 2024 – CapitalPlus Financial Services, a leading provider of receivables financing for the construction industry, is pleased to announce the successful funding of a $1.25 million working capital facility for a finishing contractor based in Reno Nevada.
News
CapitalPlus Financial Services Facilitates $250k Funding for Oregon Site DeveloperKnoxville, TN – February 27, 2024 – CapitalPlus Financial Services, a leading provider of customized working capital solutions for the construction industry, has successfully facilitated $250,000 in funding for an Oregon-based site development company experiencing growth challenges.
