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

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THE CHALLENGES

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.

Challenges
 

 

THE SOLUTION

The Credit Junction worked closely with the company and their management tocraft a financing solution that met both their short and long-term needs.

 
trenching solutions
 

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