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 underground fiber optic telecommunications contractor based in Colorado
Situation: This company was asked to take on more work by their General Contractor whose terms were 60 days. They knew they wouldn’t be able to meet payroll or purchase materials while waiting and asked for earlier payment, but the General Contractor was being stretched by the project owner and could not help.
Solution: $150,000 Construction Factoring Facility
Result: They have the flexibility to choose which invoices they would like to factor, which gives them the cash flow they need to meet payroll and purchase upfront materials without worrying about collecting from the General Contractor.
Client: A concrete rebar contractor based in Texas and working across the Southeast
Situation: This contractor had a great opportunity to work on several new Amazon warehouses, for which they would need to grow their payroll substantially.
Solution: $1,000,000 Construction Factoring Facility with the option of increasing
Result: They took on the Amazon contract confidently, knowing they would not have to stress over a much larger bi-weekly payroll.
Client: A painting and drywall contractor in Louisiana
Situation: Due to COVID-19 slowdowns, their debtors began stretching their payments which left them in a cash flow gap and unable to purchase materials to start their next projects.
Solution: $500,000 Construction Factoring Facility
Result: Factoring their receivables enabled this contractor to speed up their cash flow by 60 days, which gave them the breathing room they needed to purchase materials and start new projects on time.
Client: A California mechanical contractor
Situation: A current factoring client needed working capital to meet monthly business expenses to run their operations.
Solution: $2,000,000 Construction Factoring Facility
Result: They were able to meet union dues, vendor payments and weekly payroll in a timely manner.
Client: An Alabama framing subcontractor
Situation: This company had won a contract for framing homes for a large developer and needed to purchase materials and pay the additional payroll expenses needed to be able to take on the additional work.
Solution: $38,000 Construction Factoring Facility
Result: The contractor was able to meet their current payroll as well as meet future weekly payroll on time and was able to take on additional homes.
Client: A Southern California based masonry and concrete contractor
Situation: This company was experiencing rapid growth and had been awarded contracts of several high-profile projects. But they needed increased working capital to hire additional help and purchase materials.
Solution: $1,000,000 Construction Factoring Facility
Result: Knowing they had the cash flow challenge solved they were able to continue to scale up and take on new projects.
Client: A fabrication and erection contractor based in Florida
Situation: This company won a sizable contract that required them to purchase materials up front, depleting their cash flow and leaving them unable to meet payroll.
Solution: $200,000 Construction Factoring Facility
Result: The additional working capital gave the company the breathing room they needed and enabled them to meet payroll before the Thanksgiving holiday.
Client: An architectural millwork contractor in Virginia
Situation: This company was awarded a large project in March and wanted to ensure they had the proper financing in place to execute the scope of work before accepting. CapitalPlus approved them in April, but due to COVID-19 their portion of the project was put on hold.
Solution: $350,000 Construction Factoring Facility
Result: With the flexibility of our factoring product, they were able to continue work on other projects knowing our financing would be there for them once the large project received the green light. In November, work started up and we assisted with their first round of invoicing so they could meet payroll and purchase needed materials.
Client: A concrete contractor in Texas
Situation: This firm won several contracts from Dollar General for new store builds which would require them to double their payroll. Before taking on the projects, they wanted to ensure they had adequate working capital in place.
Solution: $100,000 initial funding of a $400,000 Construction Factoring Facility
Result: The company was able to accept the contracts knowing they would still be able to meet their weekly payroll and monthly vendor payments.
Client: A security equipment installer headquartered in Indiana
Situation: This subcontractor had won a contract to install a security fence around a correctional facility in Oklahoma, but payment terms were 90 days. The cash flow gap left them unable to hire additional staff, which meant they could only work on one project at a time and they had to turned down several opportunities.
Solution: $100,000 Construction Factoring Facility
Result: The company was able to staff up and take on multiple larger projects simultaneously.