Manufacturer and Distributor of Swimming Pool Accessories
Client’s business was beginning to grow beyond his initial seed investment.
Architectural Metal and Glass Company
The client’s orders were growing quickly and they were having difficulty with cash flow with their current bank line.
Client historically sold on COD terms to customers but suddenly was forced to offer Net 60 day terms to retain key customer accounts. This resulted in a cash flow crunch for the business. In addition, the client had significant sales concentrations which made them unbankable.
Material Handling Company
Client was unhappy with their former factor who was not timely in funding assignments of invoices. The client asked his equipment lender for a referral to a new working capital provider.
The company was in the process of being sold to a new ownership group.