Birchwood Commodities
$1M for a chemical broker to say yes to big deals, $300K made in 30 days
Big deals were coming in faster than cash, and a short track record wasn’t enough for a traditional lender. A Flexline gave Birchwood 12 months of buying power, drawn only as opportunities arose.
The Client
Birchwood Commodities launched in 2024 as a commodities brokerage specializing in chemicals. In its first full year of operation, it generated more than $10M in revenue with net margins around 30%.
The Situation
Several large deals were arriving outside Birchwood’s existing pipeline, and each one needed capital up front. Taking them on meant onboarding new projects and vendor lines, and showing vendors the business had the capacity to deliver.
The Challenge
Birchwood came to National through an asset-based lending partner who couldn’t help, because the business had no assets to lend against. With one full year of financials and no experience with this type of financing, the client was having trouble finding options.
Birchwood connected with Dylan, a Finance Business Advisor who looked at the full picture:
strong margins, fast growth, and clear demand. Dylan structured a $1M Flexline based on the strength of the business, not the length of its history, built to:
- Provide 12 months of buying power
- Onboard large new projects and vendor lines
- Be drawn only as opportunities arose, keeping costs down
Most lenders weigh a business by its age and its assets.
At the time, Birchwood had one full year of financials and no assets to lend against, but it was highly profitable. National approved the Flexline on that profitability, giving Birchwood the funds to grow now without waiting on a bank.
Why National Business Capital
National is the only non-asset-backed lender this asset-based lending partner works with, and that relationship is built on taking care of their clients. For a client new to this type of financing, that track record made the approval possible. Birchwood put the money to work and made $300K in the first 30 days.
Today, Birchwood can take on large projects as they come, with the buying power to say yes.
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