National Business Capital Partners with Construction Factoring Company on $1MM Revenue-Based Funding
September 5, 2024
Source: National Business Capital (NBC)
As the world has returned to in-person events, companies that support these events are
experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts. The company’s factoring firm, despite having strong confidence in the company’s growth prospects, could not fully support the client’s capital needs at their current asset advance rates, so they approached NBC about a solution for the client.
Eight days after receiving the company’s application, NBC extended a $1MM in revenue-based sub-debt with a 1-year repayment term to support the client’s growth needs. NBC also subordinated its position to that of the factoring company. The partnership enabled the factoring company to retain and satisfy a long-time client while supporting their client’s future growth.
About National Business Capital
National Business Capital, a pioneer of non-bank financing, provides revenue-based,
non-asset-backed financing solutions ranging from $250K to $10MM. Since 2007, the company has financed billions of dollars while innovating how business leaders access growth capital. Assigning a knowledgeable financing advisor to each client, the team’s approach to each transaction allows clients to maximize their financing options. For more information, visit us at NationalBusinessCapital.com.
experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts. The company’s factoring firm, despite having strong confidence in the company’s growth prospects, could not fully support the client’s capital needs at their current asset advance rates, so they approached NBC about a solution for the client.
Eight days after receiving the company’s application, NBC extended a $1MM in revenue-based sub-debt with a 1-year repayment term to support the client’s growth needs. NBC also subordinated its position to that of the factoring company. The partnership enabled the factoring company to retain and satisfy a long-time client while supporting their client’s future growth.
About National Business Capital
National Business Capital, a pioneer of non-bank financing, provides revenue-based,
non-asset-backed financing solutions ranging from $250K to $10MM. Since 2007, the company has financed billions of dollars while innovating how business leaders access growth capital. Assigning a knowledgeable financing advisor to each client, the team’s approach to each transaction allows clients to maximize their financing options. For more information, visit us at NationalBusinessCapital.com.