Premier Construction Solutions Secures Growth Capital

Central Florida contractor secured $450K line of credit to expand operations, increase workforce, and take on larger commercial projects, achieving 40% revenue growth within 12 months.

Ulysses P. Underwood, President & Chief Operating Officer of Premier Construction Solutions LLC a construction business in Central Florida standing with a steady, professional presence

Executive Summary

Premier Construction Solutions LLC, a growing commercial and residential construction firm in Central Florida, faced significant operational constraints that limited growth potential. The company secured a $450,000 business line of credit to overcome working capital challenges and capitalize on market expansion opportunities. Within 12 months, the company achieved 40% revenue growth and doubled its active project portfolio.

The Challenge

Limited working capital to fund materials, equipment, and labor costs during project cycles, resulting in delayed project starts and missed bidding opportunities
Inability to scale operations due to lack of capital for hiring additional crews and purchasing specialized construction equipment
Seasonal cash flow fluctuations in Florida's construction market creating pressure to turn down profitable contracts during peak demand periods

The Solution

Premier Construction Solutions needed flexible financing that could adapt to the cyclical nature of construction projects. A $450,000 revolving line of credit provided the ideal solution, offering access to capital without the rigid terms of traditional term loans. The company could draw funds as needed for specific projects and repay as invoices were collected, creating an efficient cash management system.

The funds were strategically deployed across three key areas: $180,000 for inventory and materials procurement to support simultaneous multi-site projects, $150,000 for equipment acquisition including specialized machinery and tools, and $120,000 for workforce expansion including hiring three additional skilled crews and supervisory staff. This capital injection enabled the company to bid on larger commercial contracts ($500K-$2M ranges) previously outside their capability, while maintaining healthy cash reserves for operational contingencies.

Ulysses P. Underwood, President & Chief Operating Officer
"This line of credit transformed our ability to bid on larger projects and manage cash flow during seasonal fluctuations. We went from turning away work to becoming a major player in Central Florida's construction market."

The Outcome

Revenue increased 40% year-over-year, growing from $3.2M to $4.48M in annual contract value
Active project portfolio expanded from 8-12 concurrent projects to 15-20, with average project size increasing from $250K to $425K
Crew utilization improved to 92% during peak seasons, reducing idle time and improving profitability margins by 8 percentage points
Company expanded workforce from 22 to 35 full-time employees with certified project managers and specialized trade personnel

Conclusion

The $450,000 line of credit provided Premier Construction Solutions with the operational flexibility needed to compete at a higher market level. By strategically addressing cash flow constraints and capacity limitations, the company transformed from a mid-tier regional contractor into a significant force in Central Florida's construction market.

Looking Forward

With proven revenue growth and successful project delivery, Premier Construction Solutions is positioned to pursue larger commercial development opportunities and expand into adjacent markets in Florida. The company plans to leverage this success to refinance and increase the line of credit to $750,000, supporting entry into the $5M+ annual revenue bracket within 24 months.