An entrepreneur owns and operates a manufacturing and trading company in the North East with growing annual revenues around $2 million.
With increasing service demand, the company needs a cost effective and flexible solution to open a new warehouse, make capital improvements, add inventory and hire more staff.
To increase sales, the entrepreneur was looking to finance new marketing campaigns, while also maintaining excess inventory to service the new business
After reviewing the financials of the business owner and manufacturing company, Biz2Credit located a particular bank product which secured a line of credit against business inventory and goodwill. The line of credit gave the owner the flexibility to draw out money as needed and only pay interest on the used portion.
Manufacturer Services received a line of credit of $300,000 within 15 days
"Biz2Credit saved the day and 48 hours later, I had the keys to my new fitness studio in my hand," said Zadeh. "I don't know how Joe did what he did for me, but I'm thankful for his help. He even got me an easy repaymen
"Vamsi Yaramaka, owner of a group of gas stations in PA, secured quick funding through Biz2Credit for business expansion. Timely funding helped him revamp his business to meet growing customer demands."
"I had a backlog of work for the past 4-5 years," said Angel. "The jobs weren't breaking. With that the cash flow slowed down and I fell behind on my bills."
Arco Electrical Contractors