Capstone Business Funding closed three factoring facilities. The details are as follows:

  • $1.7 million non-recourse factoring facility for a framing contractor
  • Spot factoring facility for a Washington DC based construction firm that specializes in renovating historic buildings and other commercial spaces
  • $2.5 non-recourse factoring facility for a minority marine contractor that specializes in providing construction service to state and federal agencies throughout the eastern seaboard

Capstone is a leading non-recourse progress billing factor in the U.S.