Rebuilding Houston
A construction company needed quick access to cash to increase contractor headcount
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 in order to accept projects to help rebuild the area. So he reached out to Kapitus. Within tweny-four hours, Mike was approved for financing. However, he decided to take only a portion of the amount for which he was approved. Until he got a phone call. Mike had gotten the FEMA contract for the Houston Area, if he could show he had the manpower to take on the job. He now needed to increase his number of contractors by 600%, which would require substantially more cash. So, Mike came back to Kapitus to see if he could still get his original deal. His account manager made it happen and Mike was able to bring on 128 new contractors within a week.
