US Subsidiary of Hi-tech Electronic Manufacturer

  • US Subsidiary of Hi-tech Electronic Manufacturer

    $ 1,500,000

    Factoring

    Midwest
    • Client: US Subsidiary of Hi-tech Electronic Manufacturer

    • Situation: Foreign-owned company had US presence but no operational or support staff in the US.

    • Need: Client sought acquisition financing to assist in the purchase of this entity and incorporate in the US.

    • Solution: The combination of factoring the target’s A/R and the unencumbered A/R of one of their other holdings provided the necessary funds to complete the acquisition within 2 weeks of being introduced to the deal.