CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
November 21, 2024
Source: CapitalPlus Financial Services
Knoxville, TN - Nov. 21, 2024 – CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital, enabling the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.
Despite having years of experience in the industry, the contractor was unable to secure a line of credit — his business did not have an established enough track record for the bank. By partnering with CapitalPlus, he found a reliable financing solution that accommodates situations like his, common among construction businesses.
“We know how vital steady cash flow is for contractors to secure materials, meet their payroll, and facilitate business growth” said Curt Powell, Executive Vice President at CapitalPlus. “With our flexible funding, the contractor was able to confidently manage his cash flow and focus on the fledgling masonry business.”
CapitalPlus’ 25+ years of experience focusing on construction financing enable them to evolve services throughout the duration of a company’s operation — from a newly established one like this one to others with years of experience.
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 contractors, subcontractors and companies, CapitalPlus has established itself as a trusted financial ally since its inception in 1998.
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For more details about CapitalPlus Financial Services and its diverse array of working capital solutions, please reach out to:
**Media Contact:**
John Goethert
Email: goethert@capitalplus.com
Phone: 865-670-2345