Client: A start-up telecommunications contractor out of California
Situation: This entrepreneur had years of experience in the industry, but had invested all his capital in launching the company, leaving him without any working capital to purchase materials, meet payroll, and take on new opportunities.
Solution: $500,000 Construction Factoring Facility
Result: The firm was able to hire new workers so they could take on more project sites simultaneously, and is now comfortably growing knowing that CapitalPlus will grow with them. They are currently factoring $200,000 per month and plan to double that in the next six months.