We are honored to announce one of our newest client relationships is a medical/nurse staffing agency. The Company provides medical staffing services to nursing homes, hospitals, and other medical facilities throughout the Upper Midwest. Stuck waiting up to 60 days for payments, the medical staffing agency was unable to grow.
When we first spoke to the […]
One of our newest clients was in a rush – they called us Tuesday morning and needed funding by Thursday for payroll. The Client does fiber optic installations for local telecoms and prime telecom contractors. The Client’s business had almost doubled this year which caused a cash crunch. Because the business was young and growing […]
One of our newest relationships is with a growing food processing company. The Company has been providing independent shops and diners for years, but always sold on cash-on-delivery terms. The Company was in a period of rapid growth and pursuing additional sales channels. Through those efforts, the Company was provided with the opportunity to start […]
We recently provided a $200,000 invoice factoring facility to a 30-year-old manufacturer of industrial machine parts in the Midwest. The Company had many customers in the oil and gas industry. As oil prices declined, the Company’s financial situation worsened and its lender would not renew the line of credit. Strapped for cash, the company took […]
The Situation:
Rainville-Carlson, a fourth-generation company, is a leading contractor in industrial and commercial roofing, sheet metal, and custom metal fabrication throughout the Twin Cities metropolitan area.
Despite many highs and lows throughout the past 92 years, Rainville-Carlson was experiencing a strong market with abundant opportunity. The company began winning more bids than they had in previous […]
We recently started a new relationship with a company that does “last mile” fiber optic installation for large internet service providers. The Company was newly formed and had contracts to provide installation of fiber optic modems to commercial properties but had to wait 45-60 days to get paid from its customers.
The Company would struggle to […]
The Situation:
This young Minnesota-based medical device company had created a superior ‘chest seal’ product used to manage penetrating wounds to the torso. These types of wounds damage the lungs and allow air to escape, which becomes trapped in the chest cavity and causes the lungs and heart to collapse. Death is imminent.
The company’s ‘thoracic seal’ […]