TCJ Case Study
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
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 second and third-tier suppliers to major OEMs.
Working Capital: Company had secured large orders, but needed working capital to fulfill them.
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.