An entrepreneur owns and operates a company that distributes discounted health, beauty, and food products to retail stores and government entities...
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.
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.
The client subscribed to D&B ' a leading source of commercial information. With the subscription the owner was able to'
In 2006, an entrepreneur used a 10-yearto purchase a small business that distributes discount goods and beauty products. The loan put an all encompassing on the business, which prevented the company from raising financing
"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."
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Navneet got in touch with the funding specialists at Biz2Credit and worked with his case manager to understand the best way to secure inventory financing. His case manager was able to get him an offer the next day.