After failing to complete the leverage buy out with an asset based lender client was at risk of losing the opportunity.
Client sought immediate cash flow to continue running operations during their off season.
Client’s lender was looking to exit their financing relationship as loan became too small.
The client’s business was growing rapidly as his business is in the rapidly growing sector known as IoT (internet of things).
Washington Personnel Agency
Company was young and did not have an extensive credit history. Customer had a line of credit with their bank, but the bank was unable to increase their current credit line to finance their growth.