CapitalPlus Financial Services supported a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides working capital designed to enable the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.
Despite having years of experience in the industry, the contractor was unable to secure a line of credit — his business did not have an established enough track record for the bank. By partnering with CapitalPlus, he found a reliable financing solution that accommodates situations like his, common among construction businesses.
“We know how vital steady cash flow is for contractors to secure materials, meet their payroll, and facilitate business growth,” Curt Powell, executive vice president at CapitalPlus, said. “With our flexible funding, the contractor was able to confidently manage his cash flow and focus on the fledgling masonry business.”
