CapitalPlus Financial Provides $500,000 Factoring Facility to Interior Finishing Contractor, Allowing Expansion Amid Payment Delays

Knoxville, TN - Oct. 10, 2024 - CapitalPlus Financial Services, a leading provider of construction factoring solutions, is proud to announce the successful funding of a $500,000 factoring facility for an Illinois-based interior finishing contractor.

The contractor, operating under “pay-when-paid” terms, found itself in a tight financial position as several of their debtor companies pushed back their payment timelines. Despite having continued requests for additional project work and new opportunities on the horizon, the contractor lacked sufficient working capital. The contractor turned to CapitalPlus for a uniquely tailored construction factoring solution.

Thanks to the $500,000 factoring facility from CapitalPlus, the contractor was able to stabilize their cash flow and accept new projects without being handcuffed by delayed payments. The funding provided the necessary resources to meet weekly payroll and acquire materials for their ongoing and newly awarded projects.

“26+ years of working exclusively in the construction industry means our team understands the unique challenges that these construction companies face. We designed our services to help overcome those challenges” said Curt Powell, VP of Sales at CapitalPlus Financial Services. “We're thrilled to see how our funding has transformed the contractor's business, giving them the freedom to take on new projects. Allowing companies like this grow and thrive is exactly why we do what we do at CapitalPlus!”

About CapitalPlus Financial Services
CapitalPlus Financial Services specializes in providing tailored working capital solutions to the construction industry. With a focus on addressing the unique challenges faced by construction companies, CapitalPlus has established itself as a trusted financial ally since its inception in 1998.