The Company is a small Electrical Sub-Contractor working on commercial projects. These buyers and markets represent many of Real Estate, Construction & Landscaping Companies. The Bank had said, “NO!” because he had been in business less than 3 years and was considered a “Start-Up”. The financing provided was critical support for the company’s rapid expansion and significant demand from customers. His biggest problem had been slow or non-paying customers, making him “Invoice Rich & Cash Poor”.
The Factoring line of credit allowed him to see which of his customers were really credit worthy and who wasn’t, allowing him to focus on “Good Clients”. This credit facility allows his company to accelerate their payroll, purchasing of equipment as well as inventory and expansion programs by allowing him to take on additional & bigger jobs, like a retail chain store, ultimately leading to a substantial increase in top-line growth.
Let us know if we can help any of your customers with Progress billings, factoring, asset based lending, equipment finance, Mezzanine, equity, real estate, or any type of finance request—we have vast sources of specialized non regulated lenders.
Call us at the numbers listed below and study our web site—it is a privilege to serve the best interests of your clients with creative finance.
Bruce Kessler, MBA/ChFC
KESSLER CAPITAL CONSULTING
11701 Wedd, Suite 4
Overland Park, KS 66210