School Bus Transportation Service Case Study
ABOUT THE COMPANY
HQ Location: Northeast, US
In Business For: 10 years
Management: Experienced in Industry
Customer Base: Major school districts across several states.
Seasonal, Cyclical Business: Revenues for this company were highly dependent upon the 10-month school year (September-June)
Immediate Need for Capital: Need for influx of capital to support geographical expansion.
Slow Collection of Receivables: While receivables were previously collected within 15-30 days, collections were now averaging 30-60 days.
Managing Several Entities: Company had several unique entities, providing a challenge for some traditional lenders.
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.