CapitalPlus Financial Services successfully facilitated $2 million in funding for an Oregon-based framing contractor facing financial challenges due to post-pandemic supply chain disruptions.

In 2021, the contractor embarked on a significant framing project, supported initially by a $1.5 million line of credit. Unexpectedly, material costs tripled as a result of supply chain issues, leading to substantial financial strain. The fixed-price contract offered no recourse for recouping these additional expenses, resulting in considerable losses and non-compliance with bank agreements.

Curt Powell, Vice President of Sales at CapitalPlus, stated, "Engaging with CapitalPlus at a crucial juncture allowed the contractor to avoid liquidation. Through collaborative efforts with the contractor and their bank, we facilitated an intercreditor agreement, paving the way for an eight-month payoff plan."

This strategic intervention not only ensured the bank's full repayment without losses but also maintained timely payments to suppliers. Most importantly, it provided the contractor with the necessary liquidity for payroll and the confidence to pursue new opportunities.

Since 1998, CapitalPlus Financial Services has been at the forefront of creative financial solutions like the one provided to this contractor. The company's commitment to meeting the unique financial needs of its clients has solidified its reputation as a reliable partner in the construction sector.