CapitalPlus Purchases 891 Invoices for $14.9MM in January

In January,  CapitalPlus purchased a total of 891 invoices for $14.9M with much of this being repeat business. 
Below is a brief listing of new clients.
A start up traffic control subcontractor based in Texas was awarded a large TX DOT contract but was afraid he was not going to have the funds to pay his workers weekly. CapitalPlus provided a $150,000 factoring facility to fund his weekly invoices, allowing him to meet his payroll and take on other projects at the same time.
CapitalPlus has entered into a partnership with a low voltage - security system contractor based in Florida. The contractor was awarded a project by a reputable GC but pay terms were net 60 days. With the $200,000 factoring facility, the contractor received funds immediately and was able to purchase materials needed to perform the project and on time.  
A commercial glass subcontractor out of Georgia was struggling to pay off their high interest MCA loan while maintaining the working capital necessary to run the company. CapitalPlus provided a $500,000 factoring facility paying off the existing MCA debt as well as providing quick cash flow to meet their daily needs.
A client had to purchase substantial materials upfront for a large wiring job. The project was delayed and so were payments.  CapitalPlus purchased the mobilization invoice for $70,000 and provided the cash flow to cover the vendor payments.
A west coast landscaper was awarded a large job that involved the upfront purchase of trees and plants.  CapitalPlus purchased a materials invoice for $111,000 giving the company the ability to purchase the supplies and cover other job-related expenses.

Previous
Previous

Allied Affiliated Funding Closes Two Transactions Totaling $1.8MM

Next
Next

FactorCloud’s Parent Company Named to Inc. Magazine’s Vet100 List