Success StoriesWe give you the tools you need to build business, and the bottom line.
We’re thrilled to use our industry expertise and construction financing solutions to help our clients grow and succeed. Take a look at how our solutions have helped other companies like yours.
Client: An HVAC Contractor based in Arizona
Situation: The firm won a contract to assist with a new project on a military base in Yuma, AZ but needed additional liquidity to meet expenses.
Solution: $55,000 Construction Factoring Facility
Result: The firm was able to meet payroll and supply costs to help complete the project as well as take on future projects.
Client: An interior finishing contractor based in Florida
Situation: The contractor was awarded a large contract but due to COVID-19 pausing the project, they needed a cash flow infusion to meet their subcontractor and vendor payments.
Solution: $150,000 Construction Factoring Facility
Result: The firm was able to fund their milestone payments, ultimately helping them meet their contract obligations.
Client: An interior/exterior contractor specializing in retirement communities and low income housing based in Virginia
Situation: The company was not able to obtain a traditional bank line due to time in business and rapid growth.
Solution: $3,000,000 Construction Factoring Facility
Result: The contractor was able to show their debtors that they had the financial backing to take on more contracts, meet their subcontractor payments, vendor payments, and payroll needs.
Client: A demolition and renovation based in California
Situation: The firm had an opportunity to take on a new contract but needed additional liquidity to increase their workforce.
Solution: $126,000 Construction Factoring Facility
Result: The company was able to meet their payroll needs, resulting in increased productivity and a faster timeframe to complete the project.
Client: A concrete contractor based in Texas
Situation: The firm landed a $1,200,000 contract with the City of Houston but needed a large cash infusion for upfront costs. Due to COVID-19 and amount required, their current financing company was not able to provide funding.
Solution: $1,200,000 Construction Factoring Facility
Result: The company was able to take on the new contract, purchase materials, pay subcontractors and meet weekly payroll.
Client: A South Carolina building supplier
Situation: This company specializes in delivering construction supplies overseas for the U.S. military, but slow-paying government contracts left him in a cash flow gap.
Solution: $100,000 Construction Factoring Facility
Result: Immediate access to funds enabled them to bridge the gap of their 45-day payment terms and start purchasing materials for their next delivery.
Client: A Connecticut roofing and siding contractor
Situation: The company took on a new, sizable contract that had extended payment terms which squeezed their cash flow and put vendor payments in jeopardy.
Solution: $450,000 Construction Factoring Facility
Result: The company was able to meet their weekly payroll and make timely payments to their vendors.
Client: A Colorado framing contractor
Situation: A cash flow gap left them unable to purchase materials for upcoming projects.
Solution: $65,000 of a $100,000 Spot Factoring Facility
Result: With funding from the first round of invoices, the company was able to purchase materials and commit to taking on more homes.
Client: A FEMA Contractor in Texas
Situation: This contractor had an opportunity to rebuild homes damaged by Hurricane Harvey that would double their workload, but needed extra liquidity to hire more workers and purchase supplies up front.
Solution: $250,000 Construction Factoring Facility
Result: With funding from the first round of invoices, they were able to purchase the needed materials and hire the workforce needed to grow their business and taking on the extra projects.
Client: Excavating contractor based in Tennessee
Situation: Seasonal fluctuation and less work during the rainy winter season left this contractor without the cash flow he needed to meet monthly bills.
Solution: Continued funding of a $2,200,000 contract
Result: The excavator was able to outlast the rainy weather months and pay off some of their aging vendor payment.