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
"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
"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
"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