Distributor Lowers Financing Cost and Secures Cash Flow
An entrepreneur owns and operates a company that distributes discounted health, beauty, and food products to retail stores and government entities...
Background
An entrepreneur owns and operates a company that distributes discounted health, beauty, and food products to retail stores and government entities. The New Jersey based company generated $15 million in revenue in 2007.
The Need
To service large government contracts, the company must purchase inventories in bulk. However, receivables from the distribution business's 200 retail clients accounted for about 60 percent of the company's total revenue. The distribution company wanted to ensure timely and secure payments from retail clients to maintain inventory purchasing power and cash flow stability.
Small Business Loan Solution
The client subscribed to D&B ' a leading source of commercial information. With the subscription the owner was able to'
- Review and monitor business ratings and payment history of new and existing clients
- Publicize payment history and good standing of company to generate new business
- Establish business credit that lowered the cost of financing by around 200 basis points
The client subscribed to D&B ' a leading source of commercial information. With the subscription the owner was able to establish business credit that lowered the cost of financing by around 200 basis points
More Success Stories
"I'd give Biz2Credit a 15 out of 10. Joe, my funding specialist, does a great job. He's always on point and really understands my business. Every time I've worked with him he's come through for me in a big way
Reinaldo Anzola
How One Business Owner Completed his Year-Long Renovation Plan in Just 1 Month Thanks to Fast Financing
VIEW SUCCESS STORY"The turnaround time for funding was quick with Biz2Credit," Raza told us. "As soon as they got our information we had a decision - there was no waiting period like I experienced with other lenders."
Raza and David Bolos
Lightning Fast Funding Helps Power Couple Launch Bakery of their Dreams
VIEW SUCCESS STORY"Dr. Gautam came across Biz2Credit after seeing multiple TV commercials and figured he'd give it a shot. After submitting the application and speaking with his Case Manager, he was funded $350,000 within 48 hours."
Dr. Ravindra Gautam