When disaster strikes, don’t let the opportunity pass you by. We have give your construction business financial options.
You can’t plan for hurricanes, earthquakes, wildfires, and floods. Still, you can plan to handle the cash flow crunch resulting from the additional work, materials, and subcontractors they demand. Following a disaster, time is of the essence in gathering the necessary resources to mobilize your operation, and we work quickly to help you respond. CapitalPlus has extensive experience providing cash flow support to numerous Disaster Recovery Contractors across the U.S. and Virgin Islands.
In addition to all the benefits of our other financing services:
We quickly underwrite your request to get your project funded when a disaster occurs.
We understand FEMA’s process and administration of funds along with invoice approval by the agency program managers.
We employ funds control to ensure that all subs are paid, lien releases are secured, and work does not stop due to impatient subcontractors.
We understand that each FEMA contract and contractor is different. We can help by purchasing your invoices allowing you to meet the payroll of multiple small subcontractors.
Our staff has direct experience working for FEMA, DOD, GSA, HUD, SBA, USACE, and other state and local relief agencies supporting disaster response and recovery. This setup gives us a knowledge base second to none in the financial services community.
Our experienced financial and construction industry experts are happy to answer all your questions – call 865-670-2345 or requests a call today.
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Our construction financing solutions and services allow you to focus your time and money on building and growing your business without worrying about working capital or back office functions. We give you steady access to cash flow to help you grow – for operating costs, new or large contract needs, acquisitions, and more.
If you are new to CapitalPlus Financial Services or factoring in general, we hope that we can give you the information you need to make the best decision for your company’s working capital needs.
Invoice factoring is cash flow-supporting solution where you sell your accounts receivables, i.e. outstanding invoices, to a factoring company for immediate funding. This means you do not have to wait the 30-90 days for payment. Factoring companies provide billions of dollars to a wide range of industries - from multi-million-dollar corporations to small privately held construction companies each year.
Factoring provides an immediate source of cash flow for your company. Because can choose where the money is needed most, it can be used to take on more or larger projects, to meet payroll, pay taxes, replenish inventory, increase advertising, purchase equipment, improve your credit rating, and so much more.
When we purchase an invoice, we advance you a percentage of the face value. This advance rate amount varies based on the situation, your needs, and an overall risk assessment of your client. Generally, you will receive up to 80% right away, then receive the remaining reserve (less fee) after we receive your client's payment. We are 100% transparent about our fees so there are never any surprises.
When we purchase your invoice and advance a portion, the remaining 20-30% will be held in reserve. After we receive payment from your customer, that reserve is wired back to you, less our fee.
The established factoring fee is a percentage of the purchase amount and the length of time it takes to collect. The amount is determined by the risk of each invoice purchased, the pay term, and the number of invoices being factored. Because of this, any fees will be laid out during your introduction call.
It is your choice how frequently you provide invoices for purchase. Just like buying in bulk at your favorite grocery store, you can receive a discount for committing to a higher volume of invoices. When you reach out for the first time, you will be assigned an Executive Account Representative. Tell your representative your needs and they will help you understand how you get the most out of factoring for the best price.
No. Most contracts specifically define how your invoices should be prepared and when they should be submitted. We have contract experts on staff who can help you understand the requirements and help you comply with invoice formats.
No. The name on the check remains yours. You will, however, be required to change the remittance address of that check to our lock box.
