This case study below highlights the different forms of flexibility and creativity that we offered:

 

Deal Spotlight!

FINANCED CASE STUDIES

RE-PLACEMENT FINANCING

This company manufactured custom designed natural stone products such as granite table tops, slabs and stone tiles. The company began in 1989 and over the years had shown good sales growth  and operating results. During the last fiscal year the company expanded its production capacity, doubled its plant size and acquired new equipment.  This expansion strained company cash flow. As a result, the bank called the business loan and the company was forced to replace the financing. The program called for alternative financing and an increase in the operating line of credit to meet future sales growth.  

PROGRAM

OLD
Payout existing LOC             $    300,000

                                                     ________
                                                $    300,000              


                                                                       
NEW
New Operating Line         $   350,000  
                                              ________
                                        $     350,000              

 

TERMS & CONDITIONS
Ø          Operating Line of Credit facility charged a rate of Prime plus 2.25% secured by inventory and AR.

 
FEATURE & BENEFITS

Ø          Paid out existing lender in a timely fashion.

Ø          Increased LOC by $50,000 for additional Working Capital.


OTHER
 Ø          NetFinance placed and sourced all the funding for the client. 

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