Business Capital Provides $ 1.5 Million Line of Credit for Manufacturer and Distributor of Industrial Aluminum and Plastic Products
The company is a factory direct importer and distributor for leading manufacturers located throughout the Pacific Rim and also serves as the direct marketing center in the US for its own line of products. The company provides manufacturing and distribution solutions for companies producing aluminum and plastics products and also manufactures its own line of woven plastics and packaging for use in construction, farming, industrial and consumer products
The Company has a history of profitability and growth, despite a slump in the overall engineered textiles industry after the economic crisis. Due to rapid growth and a spike in sales, cash flow was negatively impacted during this period. The company found it was unable to carry inventory and offer terms necessary to keep up with demand or negotiate from a position of strength with several national distributors interested in their product. They had been unable to find a lender willing to provide them with the needed capital.
Business Capital quickly developed an understanding of the situation and worked with funding partners to successfully structure an optimal financing solution that met the client’s needs. A working capital line of credit based on their accounts receivables will enable the company to build inventory, increase production capabilities and take advantage of future growth opportunities.