CapitalPlus Financial Services Facilitates $5MM in Funding for West Coast Mechanical Contractor

CapitalPlus Financial Services facilitated $5 million in funding for a West Coast-based mechanical contractor.

"Our cash flow supporting options play a pivotal role in supporting mechanical contractors, particularly on the West Coast, where substantial capital is essential for large-scale projects," Curt Powell, vice president of sales for CapitalPlus Financial Services, said. "This funding played a pivotal role in guiding this mechanical contractor through a financial challenge that originated back in 2018 and had been constraining them since then. Being able to use one of our construction-specific solutions has empowered their businesses in ways that others have not been able to.”

“We have been in the construction-only funding space since 1998 and every single time we help a business, it is a thrill,” Scott Applegate, president of CapitalPlus Financial Services, said. “We know we are transforming a struggling business into one that can take off and grow. It makes coming into work exciting.”