This case study highlights how The Credit Junction provided a manufacturer of food processing equipment with capital to allow them to grow at the pace they desired.
ABOUT THE COMPANY
HQ Location: Pacific, United States
In Business For: 50+ years
Annual Revenues: $10M+
Management: Experienced in industry
Customer Base: Domestic and international food service providers
Change in Leadership: Company recently experienced a transfer in management. New leadership had high growth expectations for the future.
Software Update: Company was adjusting to a new inventory monitoring system to ensure efficient resource management.
Slow-Turning A/R: Select clients had extended A/R terms with Company. This resulted in an increased demand for working capital.
Inventory Obsolescence: Company had trouble selling 10% of their inventory, but had identified a strategy to do so.
The Credit Junction worked closely with the company and their management to craft a financing solution that met both their short and long-term needs.