Having worked for another company that built and repaired computer servers, this husband and wife team with an entrepreneurial spirit set out on their own. The newly formed company quickly networked and assembled a strong customer base. As sales began to rise, cash flow became an issue. After several bank turn downs, a wise banker re-booted the couple’s hopes and referred the company to Allied Financial. We quickly fixed the company’s cash flow issues by proposing a $500,000 working capital line of credit. The referring bank gained a new customer with depository and treasury management services!
As sales began to rev up for this truck broker, working capital stalled. The company was headed down a windy road with many of its vendors as payables lagged behind. The company had an extraordinary relationship with its banker through various other business relationships, but the banker was unable to deliver the requested credit facility. Instead, the banker directed management to Allied Financial. Our $250,000 credit facility eased the bumps in the road for this company.