CapitalPlus Financial Services Facilitates $350,000 in Factoring for a Georgia-based Roofing Contractor
Knoxville, TN – August 7, 2024 – CapitalPlus Financial Services, known for its tailored working capital solutions for construction, has announced the successful funding of a $350,000 working capital facility for an Atlanta-based roofing contractor. This strategic financial solution enables the contractor to expand their business by taking on more significant commercial projects.
The roofing contractor recognized the need for additional funding to confidently support their goal of larger projects. The capital was needed to pay for bulk material orders and meet subcontractor payments, but their new bank would not approve the necessary facility due to their short working history.
"By leveraging our tailored factoring facility, they were able to access the business-expanding cash flow they needed, right when they needed it" explained Curt Powell, Vice President of Sales. "We understand the unique challenges construction businesses encounter. Our goal is to provide financial solutions that directly address those needs, helping companies like this roofing contractor expand their operations and exceed their business goals.
They were growing quickly, but as a result, this prominent contractor began experiencing temporary financial shortfalls. After being turned down for additional funding by their long-term lender, they looked to CapitalPlus, which has long been known for creative solutions in the construction industry.
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.
