TCJ Case Study
Manufacturer of Pavement Products and Equipment
ABOUT THE COMPANY
HQ Location: South Atlantic, United States
In Business For: 10 Years
Annual Revenues: <$5M
Management: Experienced leadership, but new to pavement industry
Customer Base: Supplier to commercial pavers and builders
Large A/R Balance: Company A/R balance was disproportionately high in comparison to sales due to their recent rapid growth phase.
Over Leveraged: Company was paying high rates to borrow short-term capital needed to fund their growth.
Seasonal Business: Company had much slower sales during Q1 than the rest of the year.
Working Capital: Company wanted to grow its business with additional equipment. Company also wanted to rationalize its capital stack.
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.