Plastics Recycling and Reprocessing Company
About the Company:
HQ Location: Midwest
In Business For: Less than 1 year
Annual Revenues: <$2M
Management: Experienced in industry (>35 years) Customer Base: Reprocessed plastic sold to private industrial manufacturing companies
Limited Operating History: Startup nature of the company prevented them from accessing capital from traditional financing institutions.
Managing Demand: The company had excess demand, forcing it to re-invest all of its money back into inventory purchases and away from innovation.
Machine Purchase: The company had identified new machinery to help it relieve a bottleneck, but did not want to put any money down on the machine purchase.
Working Capital: The machine that they identified was being built in China, and the company needed working capital to place the order.
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.