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

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.

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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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