Date Funded: Dec 11, 2018
Facility Amount: $275,000 Inventory Loan
The Company: The company sells two-way radio solutions that enhance communication, security and efficiency for effective business operations.
The Issue: The company experienced a decrease in revenue, and the owners ultimately took out several high rate, cash advances to compensate for their lack of working capital. This combined with the losses prompted them to rethink the way they were operating.
The Solution: The company obtained a factoring facility that included an inventory loan component
The Win: AllCap was able to help and participate in the loan portion of the transaction giving even more funding to the company to run and rebuild their business.