CapitalPlus Provides $10.25MM in Receivables Facilities in Q1/22
CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, completed several transactions in Q1/22, including:
$250,000 in material financing to a drywall and painting company in South Carolina
A $100,000 receivables facility to a mechanical contractor in Texas
$100,000 in material financing to a steel fabricator in Florida
A $500,000 material financing facility to a concrete company in Texas
A $6 million receivables facility to a steel fabricating contractor in New York
A $500,000 receivables facility to a fiber optic utility contractor in Georgia
$2.7 million in funding to a steel fabricating contractor in Arkansas
$100,000 in materials funding for a flooring contractor operating in Illinois