In this case study, read about how The Credit Junction helped a highly seasonal Christmas decoration business find the financing to grow and support a crucial strategy shift.
ABOUT THE COMPANY
HQ Location: Mid-Atlantic, United States
In Business For: 80+ years
Annual Revenues: $5M+
Management: Family owned and operated
Customer Base: Strong, long-term relationships with a wide range of larger businesses
Highly Seasonal: Company was highly dependent on the holiday season.
Working Capital: Company needed additional working capital to fulfill purchase orders ahead of seasonal ramp-up.
Cash Flow Issues: Company paid 40% of product cost up-front and an additional 40% upon shipment from China. Long cash-out to cash-in cycle put a strain on their operations.
Shift in Strategy: Company wanted to shift towards year-round products to reduce seasonality and build a new e-commerce strategy.
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.