CapFlow Funding Group is pleased to announce the closing of a $1,500,000 factoring facility for a Maine-based telecommunications services company.
The company provides telecommunications services that support critical infrastructure and connectivity projects. As the business continued to take on new projects, it required additional working capital. This was to manage the gap between upfront operating expenses and customer payment cycles.
CapFlow structured a $1,500,000 factoring facility designed to provide consistent access to working capital through the company’s accounts receivable. The facility will help support payroll, equipment, project-related expenses, and continued growth. Importantly, it will do so without requiring the company to wait for outstanding invoices to be paid.
“Telecommunications companies often face significant upfront costs while managing extended payment terms from customers,” said Andrew Coon, Chief Executive Officer of CapFlow Funding Group. “This factoring facility provides the liquidity our client needs to execute on existing projects. As well as pursue new opportunities and continue scaling its operations.”
By converting eligible receivables into immediate working capital, the company can better align its cash flow. This approach matches working capital with the demands of its growing project pipeline.
Thomas Ingrassia, Chief Risk Officer at CapFlow Funding Group, added, “This transaction demonstrates the value of structuring a financing solution around the strength of a company’s receivables and operating needs. We worked closely with the client to establish a facility that provides both the capacity and flexibility needed to support its continued growth.”
With the new facility in place, the company is positioned to meet its ongoing working capital requirements. All while continuing to serve customers and pursue opportunities throughout the telecommunications sector.
CapFlow Funding Group continues to provide customized factoring and working capital solutions to businesses across a wide range of industries throughout the United States.
