Construction Business Expenses
Case Overview
Reason: Gap Receivables
Funding Amount: $250,000
Approval Amount: $250,000
Industry: Construction
Use of Funds: Business Expenses
Program Type: Working Capital
The Story
Careem Roberts joins us once again to discuss a construction company based in Arizona he was able to help secure $250,000 in working capital. He discusses the situation that lead to needing funding, the current project they were on, and what they used the funds for.
Careem expertly guides us through the process of funding this client and why they decided on the working capital program.
The Details
The Client
The client is a construction company based in Phoenix, Arizona.
They are a returning client who has previously worked with Capital Infusion.
The company had recently started a large job that required additional funding.
The Situation
The client was working under a net-90 payment structure, meaning they would not receive payment for up to 90 days.
This created a significant gap between starting the project and receiving receivables.
The client urgently needed working capital to cover immediate expenses such as payroll, equipment, and materials.
Time was the biggest hurdle, as the project had already begun and funds were needed quickly.
The Solution
I secured a $250,000 working capital loan tailored to bridge the gap until receivables came in.
The loan included prepayment discounts, allowing the client to save money if they repaid early.
The funding was approved and deposited into the client’s account in less than 24 hours.
The process was kept seamless and simple, with minimal stipulations to avoid delays.
The financing allowed the client to continue the project without interruptions and cover all necessary business expenses.
The client was extremely satisfied with the speed of funding and plans to return for financing on future projects.