$ 1,500,000| Factoring | Midwest
$ 1,500,000| Factoring | Midwest
Client:
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 two weeks of being introduced to the deal.
