CapitalPlus Financial Services, a provider of working capital solutions, funded a $650,000 factoring solution for a Houston-based subcontractor.
The factoring solution provided by CapitalPlus plays a pivotal role in bolstering the financial resilience of construction companies, particularly subcontractors who often face unique funding challenges. By accessing this adaptable financing option, businesses can navigate temporary cash flow gaps and position themselves for sustained expansion.
“CapitalPlus’ factoring offers a critical lifeline for construction companies that find themselves in periods of stretched resources and funding difficulties,” Curt Powell, vice president of sales at CapitalPlus, said. “This funding solution, highlighted by this recent collaboration, will empower this subcontractor with support for not only day-to-day cash flow but empower for future growth.”
