Client:
A Tampa wholesale medical supply company
Situation:
This newly formed company lacked historical financials and did not qualify for traditional bank financing.
Solution:
A/R and Inventory Facilities starting at $300,000 and increasing to $1,000,000 over a three-year period
Result:
Their annual revenue grew from $3,000,000 to $12,000,000 over the three years, at which time the client was able to secure bank financing.
Client:
A Jacksonville company in the oil and gas services industry
Situation:
As oil prices dropped, the company suffered a drop in revenue and they no longer qualified for traditional financing. But they soon won a large job that required an extensive captial investment.
Solution:
$1,500,000 Receivables Financing Facility
Result:
The company was able to purchase the supplies needed to take on the new job as well as cover other job-related expenses, leading to explosive revenue growth and eventually SBA funding.
