In October, CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, completed $2.3 million in transactions, including:
- A $1.5 million construction factoring facility for a civil engineering firm in Texas as its previously-canceled projects were restarted.
- A $500,000 construction factoring facility for a directional drilling contractor in Oklahoma to switch from its current factor, which would not factor progress billing invoices.
- A $200,000 construction factoring facility for a Miami mill-work and cabinetry company.
- A $100,000 construction factoring facility for a security equipment installer in Indiana so it could take on multiple projects simultaneously.
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