The Problem
Our client was sitting on multiple large contracts from major companies – like Disney, PNC Bank, 3M, and Gamestop – and needed upfront funding to move forward.
The owners also planned on opening new locations to bring on more workers and meet the increased demand for their service. All of this required a significant financial cushion that needed to align with the business’s unique sales cycle.
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How National Helped
National Business Capital navigated a tightening economy and leveraged a longstanding relationship to connect the client with a $10MM accounts receivable line of credit. The process took 30 days from beginning to end, and the business started their contracts soon after.
Where They Are Today
Their upcoming contracts were a stepping stone in disguise. After 6 months of delivering quality work, they were contacted by another household name, started another multi-million dollar contract, and continued growing their relationships.
The $10MM funding pushed the business from $22MM to $30MM in sales. In 2024, the business projects to grow further to $43MM, with a strong possibility of breaking $50MM.
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