The Company is a manufacturer of custom thermoform fabrics and foam, producing a wide variety of thermoformed products including carrying cases, holsters, pouches, pad assemblies, and compartment liners and dividers.

The Company lost its two largest customers without notice when they moved offshore to source their product in China. The result was a combined loss of 80% of their total income while still  being forced to carry the expense of facilities for the larger capacity. This led to an overwhelming debt burden and the need for financing to jump start the business.

First, Business Capital successfully worked amicably and efficiently with each of the company’s creditors, to restructure the debt. The settlement process was fast, cost effective and paved the way for the value of new capital to be maximized. Business Capital then secured an asset based loan collateralized by accounts receivable and purchase orders to allow the company to move forward on stronger footing.

About Business Capital

Business Capital is a leading commercial finance and debt restructuring firm specializing in arranging customized debt based solutions for rapidly growing as well as distressed small and middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs. In situations where conventional capital sources are not an option, Business Capital has repeatedly delivered financial solutions to a broad assortment of private and public companies seeking additional liquidity.

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