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 interior construction company in New York City
Situation: This contractor was working on luxury apartments with high overhead for materials and payroll and needed occasional infusions of cash.
Solution: $175,000 Funding of final invoice on a $3,400,000 contract
Result: By working with CapitalPlus for all invoices on the project, from shop drawings and purchasing initial materials to payroll, this company was able to purchase needed materials, meet payroll and make timely vendor payments.
Client: A Texas civil works contractor
Situation: The company had a large new project but needed additional working capital for materials and labor.
Solution: $1,000,000 Construction Factoring Facility
Result: By factoring the first invoice on the new project, the contractor was able to purchase needed materials, pay their subcontractors and meet their weekly payroll.
Client: California HVAC contractor
Situation: During the coronavirus pandemic, this firm had important work to do but needed additional working capital.
Solution: $2,000,000 Construction Factoring Facility
Result: The contractor will be able to weather this financial storm and meet their vendor payments and weekly payroll.
Client: A Georgia painting and drywall company
Situation: This contractor was offered several projects at the same time but needed added cash flow to ramp up his workforce and purchase materials.
Solution: $125,000 Construction Factoring Facility
Result: The company was able to support the workforce needed to complete the projects on schedule.
Client: A North Carolina interior and roofing contractor
Situation: This company was awarded a large military government contract and needed to increase their labor force.
Solution: $2,400,000 Construction Factoring Facility
Result: The contractor hired the workforce needed for the new contract, made timely vendor payments, and used the extra working capital to start another project.
Client: A Texas cell tower contractor
Situation: Their prime customer asked them to double their monthly workload, a fantastic opportunity. However, they wanted to secure funding before accepting new purchase orders.
Solution: $150,000 Construction Factoring Facility
Result: The company had a comfortable level of working capital that gave them the confidence to take on the new business.
Client: A California-based electrical contractor
Situation: The company needed to purchase a substantial amount of materials upfront for a large wiring job. Capital Plus negotiated with the general contractor to allow them to invoice for mobilization.
Solution: $190,000 Construction Factoring Facility covering the mobilization invoice plus another progress invoice.
Result: The added cash flow enabled the client to get the project off the ground on the right foot.
Client: An engineering and construction services firm in Arizona
Situation: The firm was awarded multiple projects to develop wireless infrastructure running simultaneously, which created a cash flow crunch.
Solution: $1,500,000 Construction Factoring Facility
Result: The company had the working capital and confidence they needed to navigate through multiple projects simultaneously.
Client: An Arizona-based steel erection services company
Situation: The company needed additional cash flow to continue building hospital structures in Nevada, California and Arizona.
Solution: $1,200,000 Construction Factoring Facility
Result: Construction continued without a hitch.
Client: A mechanical contractor in Washington state
Situation: After suffering losses in 2018, the firm had taken on two million in MCA loans.
Solution: $3,500,000 Construction Factoring Facility and a 2M term loan with an ABL partner
Result: The company was able to pay off the $2,000,000 in high interest rate MCA debt, get current on $1,500,000 in union fees, and invest in future jobs.