- Poised for Growth, Powerhouse Resources and Outage Solutions Turn to LSQ for Working Capital
- Paragon 28 Announces New $150 Million Credit Facility Replacing Existing $90 Million Credit Facility
- Context Business Lending Increases its Investment Power
- Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
- CIT Northbridge Provides Financing to Mohawk Fine Papers
CapitalPlus Funding Gives Contractors a Stable Foundation
November 9, 2020
Source: CapitalPlus Construction Services
CapitalPlus Construction Services, the leading provider of accounts receivable financing for the construction industry, is helping contractors build from the ground up as businesses react to changing pandemic conditions. Project deferrals, restarts and temporary delays have left many businesses without the steady working capital they need. CapitalPlus is filling the gap so they can staff up, purchase supplies and take on new business.
October’s transactions demonstrated that CapitalPlus can respond quickly to changing economic conditions and offer a reliable funding solution. Representative transactions included:
• $1.5 million Construction Factoring Facility for a civil engineering firm in Texas as their previously-cancelled projects were re-started.
• $500,000 Construction Factoring Facility for a directional drilling contractor in Oklahoma so they could switch from their current factor who would not factor progress billing invoices.
• $200,000 Construction Factoring Facility for a Miami millwork and cabinetry company.
• $100,000 Construction Factoring Facility for a security equipment installer in Indiana so they could take on multiple projects simultaneously.
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