Anti-Corrosive Automotive Part Plating

 
 

About the Company: 

HQ Location: Midwest, United States

In Business For: 50+ years

Annual Revenues: <$5M

Management: Presided by company founder

Customer Base: Regional metal and auto parts manufacturers


THE CHALLENGE

Extended Terms: As volume from customers grew, they would seek to extend payment terms from 30 to 60 days, creating a cash-to-cash cycle liquidity issue.

Industrial Exposure: Company had survived the Automotive industry downturn, but had sustained losses before making it back to profitability.

Customer Base: Company had a small, regional customer base made up of 2nd and 3rd tier suppliers to major OEMs.

Working Capital: Company had secured large orders, but needed working capital to fulfill them. 

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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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