A lot of ground was covered when this trucking business expanded into truck brokering and third-party logistics as a method of growing the business. The owner gained serious traction in securing a large contract with a well-known company; however, the extended terms demanded by the new customer brought cash flow to a screeching halt. The company’s banker was forced to hit the brakes on a request for a larger line of credit due to the tremendous growth and high concentration. Through bank introduction, we met with the management team and were favorably impressed. We approved a $700,000 line of credit at our first meeting and funded within 10 days – kicking the company into high gear and eliminating the working capital traffic jam!
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We finance SERVICE COMPANIES, MANUFACTURERS, DISTRIBUTORS, AND CONTRACTORS.
CREDIT LINES FROM $25,000 TO $3,000,000 FOR ALL TYPES OF COMPANIES.