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 […]
We recently funded a new client relationship with a Minnesota-based industrial parts distributor. The Company, which has been in business for over 15 years, had a bank line of credit, but had needs for additional cash beyond what their lender would provide.
The Company reached out to us because we are a Minnesota invoice factoring company. […]