A construction company with growth ambitions set its sights on tackling larger contracts and expanding the number of simultaneous projects. To meet rising demand and seize time-sensitive opportunities, they needed additional working capital, but their financial profile made securing the right funding challenging.
Vision
The company's leadership aimed to scale operations by increasing capacity across crews, equipment, and materials. By taking on more, and bigger, jobs at once, they sought to boost annual revenue by 30% in 2025 and establish a stronger foothold in their market.
Opportunity
With several larger contracts on the table, the business had a clear path to expansion. Securing the necessary capital would enable them to ramp up operations quickly and fulfill these jobs, maximizing output during peak season and positioning the company for continued momentum in the year ahead.
Challenge
Credit Hurdles
A lower FICO score and inconsistent financials made traditional lending options difficult to access.
Working Capital Constraints
The company needed fast access to funds to purchase equipment, materials, and support payroll for additional crews.
Tight Timeline
Delays in funding would result in lost opportunities and the inability to take on multiple large-scale projects.
How Fora Financial Helped
Fora Financial provided a $150,000 working capital solution, tailored to meet the company's urgent needs and unique profile. With a streamlined approval and closing process, the funding was delivered quickly, enabling the company to secure equipment, bulk materials, and expand staffing in time to take on larger contracts. Fora also offered prepayment discounts, aligning with the company's cash flow strategy to repay once receivables from the new contracts came in.
Results
Expanded Project Capacity
With additional capital, the company was able to mobilize more crews and equipment simultaneously, taking on larger jobs.
Projected Revenue Growth
With a strong project pipeline in motion, the business anticipates a 30% revenue increase in 2025.
Improved Financial Flexibility
The prepayment discount gave them a cost-effective path to repay early, further improving margins on upcoming projects.
Conclusion
Fora Financial provided the capital, speed, and flexibility needed to help this construction business grow on its own terms. The funding unlocked new revenue opportunities and ensured the company could scale without delay, proving that the right financial partner can be a true growth accelerator.
Why Fora Financial
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Tailored Solution
Fora designed a funding package that worked within the company's current financial profile.
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Speed & Simplicity
Fast approvals and a simple process allowed them to act quickly.
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Cost-Saving Options
Prepayment discounts aligned with the company's receivables schedule, saving money over the long term.