Client: An underground fiber optic telecommunications contractor based in Colorado
Situation: This company was asked to take on more work by their General Contractor whose terms were 60 days. They knew they wouldn’t be able to meet payroll or purchase materials while waiting and asked for earlier payment, but the General Contractor was being stretched by the project owner and could not help.
Solution: $150,000 Construction Factoring Facility
Result: They have the flexibility to choose which invoices they would like to factor, which gives them the cash flow they need to meet payroll and purchase upfront materials without worrying about collecting from the General Contractor.