Construction Articles
General Blog
Benefits of Invoice Factoring for Concrete SubcontractorsIn bustling cities like Dallas and New York, the role of concrete contractors and subcontractors is undeniable. They literally lay the groundwork for the buildings that cover our entire country. Yet, while common in all areas of construction, these players often face a common issue: navigating the gap between project completion and payment—a challenge that...
General Blog
Invoice Factoring for Electrical Contractors— Unlocking Cash FlowWhen you’re an electrical contractor, managing cash flow effectively is not just a skill—it’s an art. One financial tool that stands out for its ability to bridge the gap between project completion and payment is invoice factoring for electrical contractors. This solution not only ensures that your working capital remains available but also empowers your...
News
CapitalPlus Financial Services Facilitates $250k Funding for Oregon Site DeveloperKnoxville, TN – February 27, 2024 – CapitalPlus Financial Services, a leading provider of customized working capital solutions for the construction industry, has successfully facilitated $250,000 in funding for an Oregon-based site development company experiencing growth challenges. The company, seeking to expand its operations in 2024 by bidding on larger commercial projects, faced cash flow...
News
CapitalPlus Provides Essential Funding Solutions for Oregon Contractor to Settle $1.5 Million Credit LineKnoxville, TN – January 29, 2024 – CapitalPlus Financial Services, famous for its tailored working capital solutions, proudly announces the provision of $2 million in funding to an Oregon-based framing contractor.
General Blog
Reasons to Set Up a Factoring Account Even if You Don't Plan to Use ItIn the dynamic world of construction, financial foresight is not just beneficial – it’s essential. Having a backup plan for unexpected financial challenges is crucial. One such strategy is setting up an accounts receivable (AR) factoring account. Even if you don’t anticipate using it immediately (or ever), the benefits of being proactive will save you...
General Blog
The Importance of a Well-Structured Construction InvoiceAs a construction business owner, you know that managing your finances is crucial to the success of your company. One important aspect of this is creating and sending out invoices to your clients. However, not all invoices are created equal. A well-structured construction invoice can make a significant difference in the clarity of your operations...
General Blog
Factoring Fees and Contract Terms You MUST UnderstandOnce you have decided to use factoring as a way to increase the cash flow for your business, you have to decide which factoring company is right for you. The first thing to look for in a factoring company is that they have experience working with companies in your industry. Once you have narrowed the...
General Blog
What is a Notice of Assignment and How Does it Protect the Construction Business?What is a Notice of Assignment and How Does it Protect Construction Companies
General Blog
Benefits of Invoice Factoring for Concrete SubcontractorsIn bustling cities like Dallas and New York, the role of concrete contractors and subcontractors is undeniable. They literally lay the groundwork for the buildings that cover our entire country. Yet, while common in all areas of construction, these players often face a common issue: navigating the gap between project completion and payment—a challenge that...
General Blog
Invoice Factoring for Electrical Contractors— Unlocking Cash FlowWhen you’re an electrical contractor, managing cash flow effectively is not just a skill—it’s an art. One financial tool that stands out for its ability to bridge the gap between project completion and payment is invoice factoring for electrical contractors. This solution not only ensures that your working capital remains available but also empowers your...
General Blog
Reasons to Set Up a Factoring Account Even if You Don't Plan to Use ItIn the dynamic world of construction, financial foresight is not just beneficial – it’s essential. Having a backup plan for unexpected financial challenges is crucial. One such strategy is setting up an accounts receivable (AR) factoring account. Even if you don’t anticipate using it immediately (or ever), the benefits of being proactive will save you...
General Blog
The Importance of a Well-Structured Construction InvoiceAs a construction business owner, you know that managing your finances is crucial to the success of your company. One important aspect of this is creating and sending out invoices to your clients. However, not all invoices are created equal. A well-structured construction invoice can make a significant difference in the clarity of your operations...
General Blog
Factoring Fees and Contract Terms You MUST UnderstandOnce you have decided to use factoring as a way to increase the cash flow for your business, you have to decide which factoring company is right for you. The first thing to look for in a factoring company is that they have experience working with companies in your industry. Once you have narrowed the...
General Blog
What is a Notice of Assignment and How Does it Protect the Construction Business?What is a Notice of Assignment and How Does it Protect Construction Companies
General Blog
Alternative Funding for Construction CompaniesIn the fast-paced world of construction, securing timely financing can be as crucial as laying a solid foundation. While traditional bank loans have long been the go-to source, they’re not always the most user-friendly or swift solution. Enter alternative funding — a strategic financial choice that gives businesses like the construction industry the agility and...
General Blog
MCA Loans: An Option for Businesses with Bad CreditIn the fast-paced world of business, securing quick financing can be a lifeline, especially for those with less-than-perfect credit. Merchant Cash Advances (MCAs) have emerged as a popular option, but they come with their caveats. This post is dedicated to business owners navigating these choppy financial waters so they can make the best decision for...
Press Releases
CapitalPlus Financial Services Sponsors Crisis Management Room at East Tennessee Children's HospitalThe Knoxville, Tennessee-based construction financing company donates funds to help provide a calm space for area children and their families KNOXVILLE, Tenn., Feb. 7, 2022 /PRNewswire/ — CapitalPlus Financial Services, a leading provider of accounts receivable and material financing for construction companies, general contractors, subcontractors and disaster recovery providers, donated $25,000 to East Tennessee Children’s...
Press Releases
CapitalPlus Named to ABF Journal's List of Most Innovative Companies in Specialty FinanceThe Tennessee-based company earns recognition based on its response to COVID-19 limitations that restricted the construction industry KNOXVILLE, Tenn., Sept. 27, 2021 /PRNewswire/ — CapitalPlus Financial Services, a leading provider of accounts receivable and material financing for construction companies, general contractors, subcontractors, and disaster recovery providers, has been recognized by the ABF Journal as one...
Press Releases
NEW: CapitalPlus Launches Materials FinancingCapitalPlus Financial Services launched a new Materials Financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital. “The cash flow of companies in the construction industry was hit hard by the pandemic, with many projects paused or canceled outright,” explained Scott Applegate, President of CapitalPlus Construction Services....
News
CapitalPlus Financial Services Facilitates $250k Funding for Oregon Site DeveloperKnoxville, TN – February 27, 2024 – CapitalPlus Financial Services, a leading provider of customized working capital solutions for the construction industry, has successfully facilitated $250,000 in funding for an Oregon-based site development company experiencing growth challenges. The company, seeking to expand its operations in 2024 by bidding on larger commercial projects, faced cash flow...
News
CapitalPlus Provides Essential Funding Solutions for Oregon Contractor to Settle $1.5 Million Credit LineKnoxville, TN – January 29, 2024 – CapitalPlus Financial Services, famous for its tailored working capital solutions, proudly announces the provision of $2 million in funding to an Oregon-based framing contractor.
News
CapitalPlus Facilitates $5 Million Funding for Prominent West Coast Mechanical ContractorKnoxville, TN – Aug. 22, 2023 – CapitalPlus Financial Services, a distinguished provider of working capital solutions, proudly announces the successful facilitation of $5 million in funding for a leading mechanical contractor based on the West Coast.
News
CapitalPlus Financial Services Supplies $2 Million in Funding to a Prominent New York-Based Concrete ContractorKnoxville, TN – Aug. 15, 2023 – CapitalPlus Financial Services, a respected provider of tailored working capital solutions, proudly announces the successful facilitation of $2 million in funding for a renowned concrete contractor based in New York.
News
CapitalPlus Financial Services Supports Houston TX-Based Subcontractor with $650,000 Factoring SolutionKnoxville, TN – Aug. 9, 2023 – CapitalPlus Financial Services, a leading provider of working capital solutions, has proudly announced the successful funding of a $650,000 factoring solution for a Houston, Texas-based subcontractor. This strategic financing underscores CapitalPlus’ unwavering commitment to aiding the financial success and growth of businesses within the construction industry.
News
July 2021's New Projects, Materials, and GrowthCapitalPlus Financial Services, a leading provider of accounts receivable financing and materials finance for the construction industry, is helping construction firms with the steady cash flow that is so crucial to taking on new business. With increased materials costs due to the pandemic, increased wage pressure due to the labor shortage, and delayed project payments...
News
More Signs of Strong Spring Growth (Part 2) - April 2021CapitalPlus Financial Services, a leading provider of accounts receivable financing and materials financing for the construction industry, is helping construction firms by providing the working capital that is so crucial to taking on new business. With increased demand and supply costs due to the pandemic, contractors are faced with large up-front costs for materials and...
News
Signs of Strong Spring Growth - April 2021CapitalPlus 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...