Learn how TCJ helped a satellite equipment distributor and service provider access capital to reduce inventory turn times and meet growing demand.
ABOUT THE COMPANY
HQ Location: Mountain West, United States
In Business For: 15 years
Annual Revenues: >$15M
Management: Experienced in industry
Customer Base: Private and public companies in communications, as well as oil and gas exploration spaces
Credit Limits: Company had identified high-margin, high-turn inventory, but vendors would not supply them due to credit limits.
Turnaround Process: Company had suffered during the downturn, preventing them from receiving bank financing despite being back to profitability.
Excess Demand: Company was unable to secure enough product to satisfy consumer demand.
Working Capital: Company was working hard to reduce inventory turn times, and knew that additional working capital would directly improve profitability.
The Credit Junction worked closely with the company and their management tocraft a financing solution that met both their short and long-term needs.