Sales for this early stage electrical contractor were lighting up. However, accelerating expenses were causing a short in the company’s cash flow. Instead of declining the company’s request for a line of credit out right, the banker flipped the switch and turned management on to Allied Financial. We shocked management by approving a $100,000 line of credit at our first meeting – yet another example of how we can make the referring banker look like a shining star!
This software developer was experiencing high speed revenue growth when management approached the company’s banker for a line of credit. Unfortunately, credit committee was not able to de-bug the company’s historic losses and declined the loan request. The banker offered a back-up plan by introducing management to Allied Financial. We were able to re-boot the company’s working capital position by offering a $750,000 line of credit. The company got the much needed capital, and the banker looked like the hero for hitting the send button to Allied.