Sporting Goods Distributor in Ft. Lauderdale, FL was losing its bank line of credit due to 2 back to back years of losses.  The owner had recently passed away from a brain tumor and his surviving wife and son were working diligently to get the company back on track.  We were able to structure a $3,000,000 Revolving line of credit and $2,800,000 First Mortgage to effectively increase their working capital by $1.5M while reducing their annual debt service by $260,000.

Data Processing Consulting Firm in Chicago, IL had been established in business for 16 years. They currently had a $150,000 bank line of credit which satisfied their normal operating cash flow need.  After acquiring 2 Fortune 500 contracts, their financing needs tripled.  We secured an initial $550,000 factoring facility which paid off the bank line of credit and funded all current accounts receivables.  The credit facility will grow as their receivables grow, giving the company unlimited working capital.

Timeshare Project in Orlando, FL.  After being turned down by numerous banks, we were contacted by this developer who owned a prime piece of property next to Disney World.  They had an exclusive arrangement with a Timeshare marketing company with a proven track record of filling other timeshare properties.  We secured a $10,000,000 Mortgage Purchase Agreement (finances the individual timeshare sales to consumers) and a $4,000,000 Revolving Construction Loan to build the project in 2 phases.

Jewelry Manufacturer in Sarasota, FL became a victim of his current bank being acquired by a northern bank entering the Florida market.  The new bank decided his company did not fit their desired portfolio and chose not to renew his $250,000 credit line. We were able to secure a $500,000 Credit Line, doubling his working capital.

Household Painting Company in Charlotte, NC wanted to offer installment payments to homeowners buying their service.  The average sale was $2500 and without consumer financing, many sales were lost.  We set up an unlimited credit line for consumer financing enabling them to offer 12 and 24 month payment programs.

Medical Staffing startup firm in Tampa, FL.  A young female nurse arranged for several nurses to be hired out to local nursing homes.  She landed 2 contracts immediately.  Because she had to pay the nurses weekly, but often waited 45 days to be paid by the nursing home, she quickly ran out of working capital.  We arranged an initial $15,000 Factoring facility.  She will be easily able to increase the line as her receivables grow, so she can take on as many nurses homes as she would like.

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