CapitalPlus Supply Provides $3 Million in Materials to Support Louisiana Contractor
Knoxville, TN – Sept. 20, 2024 – CapitalPlus Supply LLC, a leading material provider for the construction industry, is pleased to announce it has provided $3 million in materials to a prominent Louisiana-based marine contractor.
The contractor was awarded a substantial project that required a large materials purchase. Although they could have made the purchase without external support, they turned to CapitalPlus as a strategic decision.
The collaboration enabled them to capitalize on early pay discounts from suppliers by making advanced payments for materials 60 days ahead of their regular schedule. This financial agility has provided their business with a significant competitive advantage in the bidding of this particular project.
"This example is the perfect example of how our Materials Purchasing Program can be used as a business tool for growth" said Curt Powell, Executive Vice President at CapitalPlus. "The proactive benefit of this solution allowed them to confidently undertake larger-than-normal contract without the stress of possibly pushing the company’s finances too thin."
About CapitalPlus Financial Services
CapitalPlus Supply specializes in providing tailored supply chain solutions to the construction industry. With a focus on addressing the unique challenges faced by construction companies, CapitalPlus has established itself as a trusted service and 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