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 directional drilling contractor headquartered in Oklahoma
Situation: The company was working on a project in New Mexico and needed cash flow to meet payroll. But due to progress billing their current factoring company could not fund their invoice.
Solution: $500,000 Construction Factoring Facility
Result: The contractor was able to pay off the other factoring company and meet payroll. In addition, now they do not have to wait for payment before starting their next project.
Client: A civil engineering contractor based in Texas
Situation: Several projects were put on hold due to the COVID-19 construction shutdown. When business reopened, all of the stalled projects restarted at the same time, leaving the firm in a cash flow crunch.
Solution: $1.5M Construction Factoring Facility
Result: The contractor was able to meet weekly payroll and purchase needed supplies for the projects.
Client: A millwork and cabinetry company in Miami, Florida
Situation: The company needed additional working capital to purchase materials.
Solution: $200,000 Construction Factoring Facility over two projects
Result: The craftsmen had the materials they needed to take on several projects immediately as well as several in the sales pipeline.
Client: A masonry and concrete subcontractor in Atlanta, GA
Situation: This company had been factoring with another firm which recently made a strategic decision not to work in the construction industry. That left the subcontractor without the needed cash flow to pay vendors and meet payroll.
Solution: $52,000 Construction Factoring Facility
Result: The contractor had the working capital they needed to take on a large and significant restoration of a stone wall on a historical property, and is now well-positioned to bid on larger projects in the future.
Client: A full service electric and utility provider for the power industry in Louisiana
Situation: In responding to emergencies and power grid disruption after Hurricane Laura, the company needed to add 100 crews to meet demand but needed working capital to pay union dues and meet payroll.
Solution: $5,000,000 Construction Factoring Facility
Result: The company was able to make the union dues and hire the needed crews to meet the demand and get the Louisiana power grid up and running.
Client: A drywall and roofing subcontractor in Florida
Situation: The company had been working on a large contract in a multifamily apartment complex in Lakeland, Florida, but needed working capital to purchase material for phase two of the project.
Solution: $150,000 Construction Factoring Facility
Result: They were able purchase needed supplies for their immediate need, and are now well-positioned to use our factoring service on larger projects in the future.
Client: A solar installation contractor based in California
Situation: The company had been approved as a preferred installation vendor for several large financial companies, but needed increased working capital to take on more installation opportunities across the country.
Solution: $600,000 Construction Factoring Facility
Result: With our increased financial backing, they were able to increase their vendor approval limits which enabled them to purchase raw materials in large bulk orders at a cheaper price, improving their margins.
Client: A general contractor based in Texas
Situation: The company was awarded several contracts that would enable them to grow significantly but many of the projects required the same start date. The company did not have sufficient cash flow to purchase the required construction materials for all of them at once.
Solution: $250,000 Construction Factoring Facility
Result: The company was able to purchase needed materials and start all the new projects simultaneously, not missing a single opportunity.
Client: A demolition, excavation, and drilling contractor based in New York.
Situation: The company had factored phase one of a $10,600,000 contract with CapitalPlus, so when they needed cash flow to begin phase two, they knew they could count on us.
Solution: $1.2M Construction Receivables Finance Facility
Result: The company was able to purchase the materials needed for their concrete and structural steel contract and free up cash to meet payroll.
Client: A finishing subcontractor based in Washington
Situation: The company had work in progress but was struggling to meet payroll and purchase materials.
Solution: $100,000 Construction Factoring Facility
Result: Quick access to cash flow enabled the company to meet daily needs and purchase materials so they could execute their contract on time.