TCJ Case Study
Trenching Services Company
ABOUT THE COMPANY
HQ Location: South Central, United States
In Business For: 5+ Years
Annual Revenues: $50M+
Management: Family owned and operated, 20+ years of industry experience
Customer Base: Many large, highly rated corporate customers, including companies in oil & gas sector
Customer Concentration: 80% of their total receivables were due from their 7 largest customers, exposing them to additional risk.
Operational Restructuring: Company was cutting costs following drop in revenues from oil & gas downturn. However, management was able to remain cash flow positive throughout the restructuring period.
Insufficient Availability: Company was seeing a resurgence in volume and demand, but could not secure additional financing from other lenders to fuel their growth.
Existing Financing: Company had strong relationships with existing financing sources and wanted to maintain them.
The Credit Junction worked closely with the company and their management tocraft a financing solution that met both their short and long-term needs.