CapitalPlus Financial Services, the leading provider of accounts receivable financing for the construction industry, is helping construction firms by providing the up-front working capital that is so crucial to taking on new business. Without access to a source of steady cash flow, firms often lose out on opportunities to bid on and begin new projects while waiting for payment on progress billings. With the increased demand for building services and bank credit still tight, a wide range of companies took advantage of CapitalPlus’ speedy accounts receivable funding to confidently take on new work this March.
Recent representative transactions included:
- $200,000 Construction Factoring Facility for a Texas self-performing commercial general contractor to take on large Housing Authority projects.
- $450,000 Construction Factoring Facility for a painting and drywall contractor in South Carolina to take on several large contracts.
- $5,000,000 Construction Factoring Facility for a mechanical, electrical, and plumbing service contractor in Ohio to address accounts payable and expand their payroll.
- $400,000 Construction Factoring Facility for an existing steel fabrication and erection contractor client, increased from $250,000 to begin work on a sizeable contract.