Capstone Business Funding announced it has closed two recent factoring facilities. They are:

A $1 million non-recourse factoring facility for a Michigan based crane services company.  The demand for the company’s service outpaced its cash flow.  The access to working capital will allow the company to take on additional contracts and continue to grow it base of business.

A $3.875 million recourse factoring facility for an IT consulting company.  The factoring facility allowed the company’s management to better manage their cash flow to cover twice monthly payroll.  Because of rapid growth the company’s bank line was insufficient to keep up with the availability of new business.  Capstone retired the bank line and made additional capital available to the company to support their growth.

Capstone is a non-recourse progress billing factor in the U.S.