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: A New Hampshire-based production machinery installation contractor
Situation: They were nearing the end of a project in Vermont and ran out of working capital.
Solution: $90,000 Construction Factoring Facility on the project’s last invoice
Result: The company was able to pay subcontractors, purchase materials, and complete the project on time.
Client: A Maryland-based masonry contractor who is a long-time CapitalPlus client
Situation: The company took over a project from another masonry firm and needed quick cash to get ramped up with materials and manpower.
Solution: Increased their Construction Factoring Facility by $280,000
Result: With the additional working capital they needed to go forward, the company was able to step into the stalled project left by the other contractor and save the day.
Client: A fast-growing New York-based HVAC contractor
Situation: The firm had 60-day pay terms with most of their clients, leaving them with a cash flow gap.
Solution: $100,000 Construction Factoring Facility
Result: The company now has the working capital they need to meet their monthly expenses without worry.
Client: A start-up telecommunications contractor based in Alabama
Situation: The principals had invested all of their available capital to get the company launched.
Solution: $50,000 per month Construction Factoring Facility, with plans to increase in the next six months.
Result: The additional cash flow enabled the firm to hire new employees so they could take on more than one site at a time, and has given them the confidence to grow knowing CapitalPlus will scale alongside them.
Client: A civil construction firm based in Tennessee
Situation: This firm had an opportunity to take on a new, large contract but needed additional cash flow. A broker recommended CapitalPlus for our industry expertise and construction factoring.
Solution: $2,200,000 Construction Factoring Facility
Result: The credit facility is supporting this company’s immediate cash flow needs and enabling them to bring on new projects.
Client: A California framing contractor
Situation: Slow payments from customers was making the company late with vendor payments.
Solution: $750,000 Construction Factoring Facility
Result: The additional cash flow enabled them to pay vendors in a more timely manner, which improved valued relationships and increased peace of mind.
Client: HVAC Contractor based in Tennessee
Situation: This contractor had spot factored with us in the past. They were experiencing growth and returned to CapitalPlus for working capital to meet their growing needs.
Solution: $150,000 per month Construction Factoring Line of Credit
Result: With improved cash flow, they were able to purchase materials for a new project and meet their vendor payment obligations on another project.
Client: A Connecticut-based roofing and siding contractor
Situation: The company had taken on two new sizable contracts that required extended payment terms, which impacted their ability to meet vendor payments. But they already had several merchant cash advance (MCA) loans and did not want to take on any additional high interest rate loans.
Solution: $500,000 Construction Factoring Facility
Result: They were able to pay off their high-interest MCA loans and still have the cash flow they needed to meet vendor payments.
Client: A commercial drywall and metal framing contractor based in Florida
Situation: The company was working on a state project which had paid-when-paid language in the contract. They had to wait up to 60 days to receive payment, which meant they were unable to meet vendor payments on time.
Solution: $250,000 Factoring Facility
Result: The company now has the working capital they need to pay vendors on time and keep projects on schedule.
Client: A mechanical electrical/plumbing contractor
Situation: This existing CapitalPlus contractor needed working capital to purchase over a million dollars of new materials and supplies to take on a large contract, which did not allow materials to be invoiced at delivery. Without a cash infusion, they would have to pass on the opportunity.
Solution: $2,000,000 Receivables Funding
Result: The contractor was able to purchase the equipment and start the new project, now successfully underway.