After Hurricane Harvey ravaged the Houston area, Mike, the owner of a construction company knew he was going to need to have access to additional working capital to accept projects to help rebuild the area. He reached out to Kapitus, and within twenty-four hours, Mike was approved for financing.
Initially, Mike decided to take only a portion of the amount for which he was approved. Then, he received a phone call. Mike had won the bid for the FEMA contract in the Houston area IF he could show he had the manpower to take on the immense job. To meet the FEMA requirements, Mike would need to increase his contractor headcount by 600%, which would require a substantial amount in additional funds. Mike came back to Kapitus to see if he could still get his original deal. His financing specialist made it happen and Mike was able to bring on 128 new contractors within a week, secured the contract with FEMA and began the long process of rebuilding Houston.