New Construction Project
Case Overview
Reason: Upcoming Project
Funding Amount: $50,000
Approval: $50,000
Industry: Construction
Use of Funds: Operating Expenses
Program Type: Working Capital
The Story
Emilio Arguello joins us again to share a successful story of the deal for a local Florida construction company.
Emilio breaks down the details of the deal, why the client needed the money urgently, the issues that came up when underwriting the deal, and how he secured $50,000.
The Details
The Client
Owns a construction company based in Florida.
He was presented with the largest contract in the history of his business.
Contract value was $400,000 for work on two shopping centers.
The Situation
Needed $50,000 in working capital to purchase materials required to start the project.
Faced a challenge during underwriting because the month-to-date revenue was $0, which typically disqualifies a deal.
The Solution
Capital Infusion reviewed the client's physical contract, showing the $400,000 payout.
Used that documentation to justify the deal to underwriting despite low recent revenue.
Successfully secured $50,000 in funding for the client.
The client was able to buy materials, secure the contract, and is now actively working on both shopping centers.
Positive outlook: This project is expected to generate more business for the client in the future.