A Florida based construction company, sought to expand its operations to take on larger contracts. The company had steady monthly revenue of $7,750,000 but needed a boost of capital to scale up its workforce and equipment.
Financial Solution by VIP Capital Funding:
The company was able to secure a $5,000,000 business term loan and had access to the funds within 72 hours,allowing them to take swift action on their expansion plans.
Implementation:
- Equipment Purchase: Acquired new machinery, increasing the speed and efficiency of operations.
- Hiring Skilled Labor: Expanded the workforce by hiring construction experts to meet increased demand.
- Bidding on Larger Projects: Leveraged the capital to take on larger, more lucrative opportunities.
Results:
- Revenue Growth: Monthly revenue increased from $7MM to $10MM within six months because of the business being able to tackle more projects.
Market Expansion: The business was able to establish new territory with the deployment of VIP Capital Funding’s Business loan allowing for the increase in revenue.
Testimonial:
“Working with VIP Capital Funding has allowed us to establish substantial growth and cash flow through the deployment of their business loans.”~ President of private construction company
