CapitalPlus Supply, a material provider for the construction industry, provided $3 million in materials to a Louisiana-based marine contractor. The collaboration enabled the company to capitalize on early pay discounts from suppliers by making advanced payments for materials 60 days ahead of the regular schedule.
“This example is the perfect example of how our materials purchasing program can be used as a business tool for growth,” Curt Powell, executive vice president at CapitalPlus, said. “The proactive benefit of this solution allowed them to confidently undertake larger-than-normal contract without the stress of possibly pushing the company’s finances too thin.”
