We help you manage all aspects of funding your projects and making your payments.
We will manage the funding of your project based on your completed work and ensure that payments are properly allocated to cover subcontractors and suppliers.
We work with certified WBE, MBE and DBE companies providing cash flow support on Government contracts.
We work with startup companies who have limited or no credit history.
Long-term contracts are not mandatory.
Receivables Financing from $50,000 - $10 million.
We are a direct funding source with decision makers on site.
No monthly minimums and no penalties when spot factoring.
We can give you cash in as soon as 24 hours for your invoices.
We offer in-house underwriting for quick decision-making.
We provide funding when others won’t, such as funding bonded projects, purchasing Pay When Paid contracts, Progress Billing, or when in a distressed situation.
We work with other lenders (e.g., banks, PO and ABL lenders) for refinancing and restructuring of facilities.
Our experienced financial and construction industry experts are happy to answer all your questions – 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 factoring or CapitalPlus Financial Services we hope that these FAQs will give you the information you need to make the right decision for your company’s working capital and bookkeeping needs.
Receivable Financing, also referred to as factoring, is selling the right to payment to receivables or invoices to a factor at a small discounted rate from face value so that you do not have to wait the normal 45-60 days for payment. Over a billion dollars are provided to businesses each year through receivable financing. It is a financial service used by a wide range of companies, from multi-million-dollar corporations to small privately held companies.
When we purchase an invoice, we do so at a discount rate. Or put another way, we advance you a percentage of the face value of the invoice. This advance varies based on the situation, your needs as our client, and an overall risk assessment. We are 100% transparent about our fees so you will never be surprised.
When we purchase an invoice, we will typically advance a portion of the invoice. The rest is held in a reserve. When we receive payment from your customer the reserve becomes real money and is wired back to you, less our fee.
It provides an immediate source of cash flow for your company which you can use to take on more or larger projects, for working capital, to meet payroll, pay taxes, replenish inventory, increase advertising, purchase equipment, improve your credit rating, and so much more.
You provide CapitalPlus with the original invoice and purchase order or contract, and we advance you a percentage of the amount that will be paid to you by your customer. The percentage that is not included in the advance is held in what we call the reserves. When CapitalPlus collects the total amount due on these invoices from your customers and refunds we send you the reserve balance 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 driven by the risk of each purchase, the pay term, and the volume of factoring. You will know the fee before you agree to anything.
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 we will help you understand how you get the most out of factoring for the best price.
No. The name on the check remains that of our customer (yours). You will be required to change the remittance address that sends the check to our lock box.
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 and other issues.
