TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 8, 2024
Source: CapitalPlus Financial Services
Knoxville, TN - Oct. 10, 2024 - CapitalPlus Financial Services, a leading provider of construction factoring solutions, is proud to announce the successful funding of a $500,000 factoring facility for an Illinois-based interior finishing contractor.
The contractor, operating under “pay-when-paid” terms, found itself in a tight financial position as several of their debtor companies pushed back their payment timelines. Despite having continued requests for additional project work and new opportunities on the horizon, the contractor lacked sufficient working capital. The contractor turned to CapitalPlus for a uniquely tailored construction factoring solution.
Thanks to the $500,000 factoring facility from CapitalPlus, the contractor was able to stabilize their cash flow and accept new projects without being handcuffed by delayed payments. The funding provided the necessary resources to meet weekly payroll and acquire materials for their ongoing and newly awarded projects.
“26+ years of working exclusively in the construction industry means our team understands the unique challenges that these construction companies face. We designed our services to help overcome those challenges” said Curt Powell, VP of Sales at CapitalPlus Financial Services. “We're thrilled to see how our funding has transformed the contractor's business, giving them the freedom to take on new projects. Allowing companies like this grow and thrive is exactly why we do what we do at CapitalPlus!”
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.
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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