Capstone Business Funding closed $10.6 million in non-recourse factoring facilities for three clients. Outlined below are brief descriptions of the transactions:

  • $800,000 to a Delaware-based masonry contractor to support its growth, allowing it to perform on numerous awarded contracts
  • $300,000 to an Atlanta-based demolition, site prep and concrete finishing contractor (which also specializes in solid waste and constriction debris removal, dirt, sand and gravel delivery) to significantly increase sales and lower the cost of operating
  • $9.5 million to a Massachusetts-based solar energy firm that installs solar power equipment in Massachusetts, Connecticut, New Jersey, Maryland and California to create much-need liquidity resulting from its slow, but creditworthy, customer payment terms

Capstone is a non-recourse construction subcontractor factor in the U.S. that factors all trades that have entered into contracts with creditworthy general contractors. Capstone has former construction professionals on staff who understand the nature of the construction business including progress billing, mobilization and retention.