CapitalPlus Financial Services Facilitates a $250k Funding for Oregon Site Developer
Knoxville, TN - February 27, 2024 – CapitalPlus Financial Services, a leading provider of customized working capital solutions for the construction industry, has successfully facilitated $250,000 in funding for an Oregon-based site development company experiencing growth challenges.
The company, seeking to expand its operations in 2024 by bidding on larger commercial projects, faced cash flow constraints after securing their first major contract of the year. With an expanded workforce, the company encountered difficulties meeting payroll obligations, exacerbated by the inability to secure traditional bank financing.
“We see it all too often, the excitement of winning a large new project quickly turns sour by the realization that daily cash flow won’t be able to keep up” remarked Curt Powell, Vice President of Sales at CapitalPlus. “At this critical time while waiting on payment, having stop-gap financial resources is vital for getting them over the hump.”
CapitalPlus' intervention enabled the site development company to address immediate payroll shortfalls, ensuring operational continuity, and facilitating proactive team expansion in anticipation of future project wins.
Powell emphasized CapitalPlus' dedication to fostering business growth: "Empowering our clients to thrive fuels our sense of purpose. Being instrumental in their success is incredibly rewarding."
Since 1998, CapitalPlus Financial Services has spearheaded innovative financial solutions tailored to the construction industry's needs. The company's unwavering commitment to addressing clients' unique financial challenges has cemented its reputation as a trusted partner in the construction sector.
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.
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Media Contact
For media inquiries or further information about CapitalPlus Financial Services, and its diverse array of working capital solutions, please contact:
John Goethert
Email: goethert@capitalplus.com
Phone: 865-670-2345