CapitalPlus’ June Factoring Facilities Help Contractors Reignite Projects

CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, completed several factoring transactions in June, including:

• $3.2 million funding of a $7 million construction factoring facility for a flooring contractor in Illinois * $500,000 of a $2 million construction factoring facility for a painting and drywall contractor in Louisiana

• A $407,000 construction factoring facility for a phase one demolition invoice on a $10.6 million contract for a demolition, excavation and drilling contractor in New York

• $100,000 spot factoring for an interior/exterior retail construction firm in South Carolina

• $42,000 funding of a $100,000 construction factoring facility for a renovation contractor in Maryland

• $15,000 initial funding of a $500,000 construction factoring facility for a finishing contractor in Maryland