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Capstone Business Funding Announces Recent Transactions

May 19, 2016, 07:10 AM

Capstone Business Funding, LLC provided a $5 mlllion non-recourse factoring facility for a Central Texas general construction company.  The company was recently acquired by management with sales of $1.5 million.  Shortly after the acquisition the new owners won $3,million additional business and had to apply the brakes to their new business development efforts.  Entering into a Master Purchase and Sale Agreement with Capstone allowed the client to perform under the old and new contracts and pursue additional business opportunities.

Capstone Business Funding closed a $6 million non-recourse factoring facility for a cell tower construction and maintenance company.  The increased access to working capital will allow our client company to take on additional contracts with the major cell phone carriers as they upgrade their technology across the mid-western United States.

Capstone Business Funding closed a $360,000 non-recourse factoring facility for a painting contractor located in southern California.  The company was experiencing slow cash flow due to the unpredictability of collections under paid when paid contracts.  The client expects to grow now that their cash flow is more predictable.

Capstone is a leading non-recourse construction subcontractor factor in the U.S.

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