Client:
Jacksonville-based software company
Situation:
The company won several large projects at once, creating a cash flow issue and requiring an infusion of working capital.
Solution:
$1,000,000 A/R Financing
Result:
The additional liquidity gave the company confidence to secure more contracts.
Client:
Orlando-based medical staffing company
Situation:
The company acquired another staffing company which drastically increased their payroll each week, however receivables were being collected at 60 days.
Solution:
$750,000 Accounts Receivable Financing
Result:
The company was able to make payroll and fund their expansion.
Client:
Tampa-based plastics manufacturer
Situation:
This well-established manufacturer won several large purchase orders that required significant working capital to purchase supplies.
Solution:
$500,000 A/R Financing and $150,000 Purchase Order Financing
Result:
The large increase in liquidity enabled the company to purchase inventory in bulk which reduced costs and enabled them to capture additional revenue.
Client:
An Orlando engineering firm specializing in government projects
Situation:
This was a very successful firm, however the owner did not leave profits in the business, making it difficult to qualify for traditional bank financing.
Solution:
$250,000 Accounts Receivable Financing and $100,000 Term Loan
Result:
Financing was approved based on their invoices and the strength of their customers. The infusion of working capital enabled them to increase revenue and profitability.
Client:
A Melbourne-based environmental consultant
Situation:
The company was experiencing rapid growth and did not qualify for the amount needed from traditional lenders.
Solution:
A/R Financing approved at $500,000 and quickly increased to $1,250,000
Result:
Funding gave them the working capital they needed to ride out an explosive growth phase; after which they were able to secure bank funding.
