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 masonry contractor in Arizona
Situation: The contractor had an opportunity to bid on several projects at the same time, but in order to take on the new work needed immediate working capital.
Solution: $250,000 Construction Factoring Facility
Result: The CapitalPlus facility allows the contractor to choose which invoices they would like to have funded, and with the cash infusion they were able to purchase materials for the new jobs, meet their weekly payroll, and complete their projects on schedule.
Client: A directional drilling contractor in Oklahoma
Situation: This contractor was working on a windmill farm project but needed an infusion of cash to move on to the next phase of the project.
Solution: $1,000,000 Construction Factoring Facility
Result: The increased cash flow enabled the contractor to pay their suppliers, meet payroll, and not have to wait for payment before starting the next phase of the project.
Client: A growing concrete contractor in Colorado
Situation: This contractor was working under paid when paid terms. Several of their debtors were stretching out payment, but were still asking them to take on more and more work, leaving them without the cash flow to purchase materials.
Solution: $100,000 Construction Factoring Facility
Result: Because CapitalPlus understood construction and could move quickly, this contractor was able to purchase materials for their next round of work without waiting for payment.
Client: A demolition contractor in Minnesota
Situation: The contractor landed a great opportunity to assist Walgreens stores throughout the city of Minneapolis, but needed additional working capital to take on the project. Their bank was unable to increase their line of credit, however, Capital Plus entered an intercreditor agreement with their bank and carved out the specific debtor’s AR as collateral for a factoring facility.
Solution: $300,000 Construction Factoring Facility
Result: The demolition contractor had the funding they needed to comfortably take on the new contract and begin working with Walgreens.
Client: An underground and directional drilling contractor in North Carolina
Situation: The contractor won an open-ended contract for new work, but to meet the client’s timeframe they would need to hire more employees, requiring a cash infusion.
Solution: $250,000 Construction Factoring Facility
Result: The contractor was able to hire additional workforce, submit weekly progress billings and meet weekly payroll.
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.