Manufacturer of Pavement Products and Equipment
ABOUT THE COMPANY
HQ Location: South Atlantic, United States
In Business For: Nearly 10 Years
Annual Revenues: <$5M
Management: Experienced leadership, but new to pavement industry
Customer Base: Supplier to commercial pavers and builders.
Unpaid Receivables: A significant portion of the company’s receivables were unpaid.
Over Leveraged: Company was paying high rates for borrowed capital, which was preventing it from generating intended returns.
Seasonal Business: The company had much slower sales during Q1 than the rest of the year.
Working Capital: The company wanted to grow its business with additional equipment.
The Credit Junction worked closely with the company and its management to craft a financing solution that met both their short and long term needs.