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 California landscape company
Situation: The company won a bid for a large job that required an extensive upfront purchase of trees and plants.
Solution: $111,000 Receivables Financing Facility
Result: Our purchase of the materials invoice enabled them to purchase the supplies needed to take on the job as well as cover other job-related expenses, leading to continuing company growth.
Client: An electrical contractor in California
Situation: The firm needed to purchase a substantial amount of materials upfront for a large wiring job. Unfortunately, payment from the debtor on their current project was delayed, leaving them with a large cash flow lag.
Solution: $70,000 Factoring Facility
Result: The immediate working capital enabled them to purchase the materials for the new project.
Client: A commercial glass subcontractor based in Georgia
Situation: The company was struggling with insufficient working capital to pay off a high-interest MCA loan at the same time as meeting daily operating expenses.
Solution: $500,000 Receivables Financing Facility
Result: They were able to pay off their existing MCA debt and access the cash flow they needed to meet daily needs, putting them in a better long-term cash position.
Client: A Florida-based low voltage security system contractor
Situation: The firm was awarded a large project from a reputable general contractor but had to accept Net 60 payment terms, resulting in a significant cash flow lag.
Solution: $ 200,000 Receivables Financing Facility
Result: With immediate funding, the contractor was able to purchase materials needed to perform the project and complete it on time, enhancing their own reputation as a reliable firm.
Client: A start-up traffic control subcontractor based in Texas
Situation: The firm won a large Texas Department of Transportation contract, but didn’t have sufficient cash flow to meet the increased payroll.
Solution: $150,000 Factoring Facility
Result: The firm was able to start the new DOT project, meet weekly payroll, and take on other projects at the same time, achieving substantial growth in a short time.
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.