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Capstone Business Funding Announces Recent Financings

May 12, 2016, 07:53 AM

Capstone Business Funding announced it has provided three recent factoring facilities. They are:

  • $800,000 non-recourse factoring facility to a Delaware based masonry contractor. The factoring facility will allow the client to perform on numerous contracts that were recently awarded and support the growth of the contractor.
  • $300,000 non-recourse factoring facility to an Atlanta, GA based demolition, site prep, and concrete finishing contractor.  The client also specializes in solid waste and constriction debris removal, dirt, sand, and gravel delivery. The factoring facility will allow the client to significantly increase sales and lower the cost of operating because of the accelerated cash flow from factoring.
  • $9,500,000 non-recourse factoring facility to a Massachusetts based solar energy firm.  The firm installs solar power equipment in Massachusetts, Connecticut, New Jersey, Maryland and California.  The factoring facility has created much need liquidity as a result of its slow but creditworthy customer’s payment terms.

Capstone is a leading non-recourse construction subcontractor factor in the U.S.  Capstone factors all trades that have entered into contracts with creditworthy general contractors.

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