Client: A Connecticut-based roofing and siding contractor
Situation: The company had taken on two new sizable contracts that required extended payment terms, which impacted their ability to meet vendor payments. But they already had several merchant cash advance (MCA) loans and did not want to take on any additional high interest rate loans.
Solution: $500,000 Construction Factoring Facility
Result: They were able to pay off their high-interest MCA loans and still have the cash flow they needed to meet vendor payments.