We 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 start-up telecommunications contractor out of California
Situation: This entrepreneur had years of experience in the industry, but had invested all his capital in launching the company, leaving him without any working capital to purchase materials, meet payroll, and take on new opportunities.
Solution: $500,000 Construction Factoring Facility
Result: The firm was able to hire new workers so they could take on more project sites simultaneously, and is now comfortably growing knowing that CapitalPlus will grow with them. They are currently factoring $200,000 per month and plan to double that in the next six months.
Client: A newly formed exterior contractor based in Colorado
Situation: This company took on a major project with one of the country’s top general contractors, but needed working capital for short-term payroll and material obligations on the $850,000 contract.
Solution: $300,000 Construction Factoring Facility
Result: The firm has since doubled the number of employees and is growing sustainably.
Client: A long-term painting and drywall client based in Louisiana
Situation: Many of their projects were postponed in 2020 due to the pandemic. In April 2021, they were thrilled that five of their backlogged projects were kicking off, but they also knew that purchasing materials for five jobs simultaneously would put them in a large cash flow crunch.
Solution: $750,000 Construction Factoring Facility
Result: CapitalPlus worked with the client to increase their factoring facility and modify the advance rate to ensure they could meet the demands of the new work.
Client: An HVAC, Electrical, and Plumbing (MEP) contractor based in Ohio
Situation: Due to the pandemic, the firm’s bank could not expand their current line of credit, but wanted to retain the relationship. We worked alongside the bank and negotiated an intercreditor agreement to provide additional capital.
Solution: $1,000,000 Construction Factoring Facility
Result: With our factoring facility added to the bank line of credit, the client was able to take on several new projects, catch up on aging accounts payable, and pay their monthly union dues.
Client: An HVAC company in Columbus, OH
Situation: The firm had an opportunity to take on three large jobs from a large state university, but did not have enough working capital to purchase materials.
Solution: $275,000 in Materials Financing
Result: The company was able to order the materials they needed, enabling them to accept the new opportunity.
Client: A foundation contractor based in Brooklyn, NY
Situation: With steep cost increases in building materials, this company was unable to purchase materials to take on their usual size projects.
Solution: $1,000,000 in Materials Financing
Result: The company was able to access the piling products they needed to complete their project on time and continue building the company.
Client: A steel fabrication and erection contractor headquartered in Florida
Situation: Due to the nature of fabricating, this firm exhausted a large amount of their working capital on the front end of their projects for materials, resulting in cash being tight for payroll. They began work on a sizable contract with a repeat debtor who had shown exceptional payment turnaround on their last project and knew they would need further support. An existing CapitalPlus client, we were able to increase their factoring facility from $250,000 to $400,000.
Solution: $400,000 Construction Factoring Facility
Result: The increased cash flow gave them the breathing room they needed and allowed them to meet payroll and supplier terms.
Client: Mechanical, Electrical, and Plumbing (MEP) service contractor in Ohio
Situation: This firm’s bank would not agree to expand their line of credit enough to meet the needs of their union and non-union payroll.
Solution: $5,000,000 Construction Factoring Facility
Result: Our initial $4M funding enabled them to address aging accounts payable, meet payroll, and fund their growing backlog.
Client: Painting and Drywall in South Carolina
Situation: The contractor was awarded several large contracts but needed to increase their working staff and purchase additional materials in order to start the project. Their bank was not willing to offer them a traditional line of credit.
Solution: $450,000 Construction Factoring Facility
Result: The contractor can now meet their weekly in-house and subcontractor payroll, and they plan to use our financial backing to increase their line with material suppliers.
Client: A self-performing commercial general contractor based in Texas
Situation: This contractor had excellent debtors and was not behind on payments. They had a large project with the Houston Housing Authority (HHA), but were constantly waiting for payment. As a result of this restricted cash flow, they could not take on more projects.
Solution: $200,000 Construction Factoring Facility with ability to increase
Result: By factoring their HHA invoices, they now have the working capital they need to accept new projects.