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 masonry and concrete subcontractor in Atlanta, GA
Situation: This company had been factoring with another firm which recently made a strategic decision not to work in the construction industry. That left the subcontractor without the needed cash flow to pay vendors and meet payroll.
Solution: $52,000 Construction Factoring Facility
Result: The contractor had the working capital they needed to take on a large and significant restoration of a stone wall on a historical property, and is now well-positioned to bid on larger projects in the future.
Client: A full service electric and utility provider for the power industry in Louisiana
Situation: In responding to emergencies and power grid disruption after Hurricane Laura, the company needed to add 100 crews to meet demand but needed working capital to pay union dues and meet payroll.
Solution: $5,000,000 Construction Factoring Facility
Result: The company was able to make the union dues and hire the needed crews to meet the demand and get the Louisiana power grid up and running.
Client: A drywall and roofing subcontractor in Florida
Situation: The company had been working on a large contract in a multifamily apartment complex in Lakeland, Florida, but needed working capital to purchase material for phase two of the project.
Solution: $150,000 Construction Factoring Facility
Result: They were able purchase needed supplies for their immediate need, and are now well-positioned to use our factoring service on larger projects in the future.
Client: A solar installation contractor based in California
Situation: The company had been approved as a preferred installation vendor for several large financial companies, but needed increased working capital to take on more installation opportunities across the country.
Solution: $600,000 Construction Factoring Facility
Result: With our increased financial backing, they were able to increase their vendor approval limits which enabled them to purchase raw materials in large bulk orders at a cheaper price, improving their margins.
Client: A general contractor based in Texas
Situation: The company was awarded several contracts that would enable them to grow significantly but many of the projects required the same start date. The company did not have sufficient cash flow to purchase the required construction materials for all of them at once.
Solution: $250,000 Construction Factoring Facility
Result: The company was able to purchase needed materials and start all the new projects simultaneously, not missing a single opportunity.
Client: A demolition, excavation, and drilling contractor based in New York.
Situation: The company had factored phase one of a $10,600,000 contract with CapitalPlus, so when they needed cash flow to begin phase two, they knew they could count on us.
Solution: $1.2M Construction Receivables Finance Facility
Result: The company was able to purchase the materials needed for their concrete and structural steel contract and free up cash to meet payroll.
Client: A finishing subcontractor based in Washington
Situation: The company had work in progress but was struggling to meet payroll and purchase materials.
Solution: $100,000 Construction Factoring Facility
Result: Quick access to cash flow enabled the company to meet daily needs and purchase materials so they could execute their contract on time.
Client: A construction company based in Texas
Situation: Covid-19 related impacts created delays in the project Schedule. As a result, the debtors’ payments were delayed creating cashflow concerns. The company needed funds fast in order to make payroll.
Solution: $200,000 Construction Factoring Facility
Result: CapitalPlus was able to underwrite and have the funds to the client within four business days so no one missed a paycheck.
Client: A demolition, excavation and drilling contractor based in New York
Situation: This company had previously factored with CapitalPlus, so when they needed additional liquidity to take on a large project, they knew exactly where to turn.
Solution: $407,000 Construction Factoring Facility for a phase one demolition invoice on a $10,600,000 contract
Result: The contractor was able to meet payroll and start purchasing the needed materials for phase two.
Client: A finishing contractor based in Maryland.
Situation: This growing client had several large projects on the horizon and knew their $300k bank line of credit would not give them enough working capital to stay on schedule. Despite being a long-term bank customer, the bank denied their request for an increase due to COVID-19 uncertainty. Since their upcoming projects are spread over several debtors, CapitalPlus was able to offer them a factoring facility.
Solution: $15,000 initial funding of a $500,000 Construction Factoring Facility
Result: The company was able to pay off their existing $300k line of credit with their bank, and now has the working capital flexibility they need to stay on schedule. In addition, the factoring facility can be increased by establishing a payment history and adding new debtors.