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. 

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THE CHALLENGE

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 SOLUTION

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. 

 

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