CapitalPlus Financial Services, known for its tailored working capital solutions for construction, funded a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand the business by taking on more significant commercial projects.
The roofing contractor recognized the need for additional funding to confidently support their goal of larger projects. The capital was needed to pay for bulk material orders and meet subcontractor payments, but their new bank would not approve the necessary facility due to their short working history.
“By leveraging our tailored factoring facility, they were able to access the business-expanding cash flow they needed, right when they needed it,” Curt Powell, vice president of sales for CapitalPlus, said. “We understand the unique challenges construction businesses encounter. Our goal is to provide financial solutions that directly address those needs, helping companies like this roofing contractor expand their operations and exceed their business goals.”
