About UsWe buy the materials and supplies contractors need right now, and that buys contractors time.
CapitalPlus Supply purchases materials for general contractors and owners to provide them with extended payment terms, freeing up working capital to help businesses grow. Contractors gain the strategic advantage of being able to order materials sooner than current cash flow restraints allows, so contractors can work faster, invoice sooner, and stay on or ahead of schedule. And in the construction industry, completing a project on time is crucial to success.
What sets us apart?
- Our in-house underwriting enables quick decision-making.
- Same day order processing after underwriting approval.
- We have served only the construction industry for decades and understand the challenges contractors face.
- Our team includes construction specialists with operating construction firms.
- There are no long-term contracts.
- We supply materials nationally for all types of subtrades.
- We are a national supplier allowing us to purchase for projects across the country.
- Our fee is all-inclusive which means no hidden charges, and no interest charges.
- There are no monthly minimums and no penalties for non-usage.
Based in Knoxville, Tennessee, we’re a uniquely blended team of experienced financial and construction industry experts. After a career in financial services, Scott Applegate recognized a unique opportunity to help construction companies. He founded the company in 1998 in response to a funding gap that we saw first-hand, one that left construction businesses without working capital. We have over 85 years of combined experience in finance, project management and construction operations.
Just for fun:
- Provided over $1 billion in funding and materials purchased for all kinds of construction companies.
- Knoxville is also the birthplace of George Roby Dempster, who invented the first steam shovel and dumpsters that are picked up on garbage trucks.
- We are in good company with Google and PayPal, who also launched in 1998.
- Did you know Mechanics liens were conceived by Thomas Jefferson? They were introduced to encourage construction companies to work in the new capital city of Washington.