Case Study 1:
AT&T Dallas Cowboy Stadium
In 2009, an Arizona Construction Company was awarded a $5.6 million Epoxy Flooring Contract for the Dallas Cowboy Stadium by Manhattan Construction Company while our economy was experiencing a serious downturn where banks were not extending credit to businesses.
Shortly after the Contractor started working on this project, they went to their Bank to request funds from their Line of Credit to cover payroll. Unfortunately, their Bank was closed by FDIC and their Line of Credit was cancelled. After being told by several Banks that they were not lending money, this Contractor was referred to CAFI for financial support.
The contractor met with CAFI on a Wednesday & within a matter of hours, CAFI was able to approve this Contractor for it finance program, fly to Dallas on Thursday to meet with Manhattan’s Management, and proceeded to fund their payroll early Friday morning. CAFI continued to fund their payroll until the project was successfully completed eight months later.