Capstone Business Funding closed $11.36 million in non-recourse factoring facilities for three clients. Outlined below are brief descriptions of the transactions:

$5 million — A Central Texas-based general construction company was recently acquired by management with sales of $1.5 million. Shortly after the acquisition, the new owners won $3 million additional business and had to slow down new business development efforts. Entering into a master purchase and sale agreement with Capstone allowed the client to perform under the old and new contracts and pursue additional business opportunities.

$6 million — This increased access to working capital will allow a cell tower construction and maintenance company to take on additional contracts with major cell phone carriers as it upgraded their technology across the mid-western U.S.

$360,000 — A southern California-based painting contractor was experiencing slow cash flow due to the unpredictability of collections. The client expects to grow now that its cash flow is more predictable.

Capstone is the non-recourse construction subcontractor factor in the U.S.