CapitalPlus Financial Services Facilitates a $1.25M Funding for a Reno-based Finishing Contractor
April 2, 2024
Source: CapitalPlus Financial Services
Knoxville, TN - April 2, 2024 – CapitalPlus Financial Services, a leading provider of receivables financing for the construction industry, is pleased to announce the successful funding of a $1.25 million working capital facility for a finishing contractor based in Reno Nevada.
They were growing quickly, but as a result, this prominent contractor began experiencing temporary financial shortfalls. After being turned down for additional funding by their long-term lender, they looked to CapitalPlus, which has long been known for creative solutions in the construction industry.
After numerous solutions were considered, CapitalPlus and the contractor's senior lender ultimately decided on an intercreditor agreement that ensured that all parties were protected, and the contractor received the capital needed to support their expanding project portfolio.
"CapitalPlus is committed to supporting the construction industry by providing flexible financing solutions that address the unique challenges of our clients," said Curt Powell, Vice President of Sales at CapitalPlus Financial Services. "This $1.25 million working capital facility is a testament to our dedication to out-of-the-box thinking with the goal of not only getting construction companies through financial hardships but also helping them thrive."
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.
**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
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