Importer and Distributor of Christmas Decorations
ABOUT THE COMPANY
HQ Location: Mid-Atlantic, United States
In Business For: 80+ Years
Annual Revenues: $5M+
Management: Family owned and operated
Customer Base: Strong, long-term relationships with a wide range of larger businesses
Highly Seasonal: Company was very dependent on the Christmas and holiday season.
Working Capital: Company needed additional working capital to fulfill purchase orders in advance of seasonal ramp-up.
Cash Flow Issues: Company paid 40% of product cost up-front and an additional 40% upon shipment from China. This long cash-out to cash-in cycle put a strain on their operations.
Shift in Strategy: Management wanted to shift towards year-round products to reduce seasonality and build a new eCommerce strategy.
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.