Cornerstone Business Credit Funds $200,000 Line of Credit to a Telecommunications Infrastructure Services Firm

Cornerstone Business Credit is pleased to announce that it recently funded a $200,000 line of credit to a telecommunications infrastructure services firm.

After a series of COVID 19 suspensions of work and infrastructure upgrades, the industry is ramping back up with opportunities.  Our client needed a working capital line of credit to access funds for vendors while awaiting payments from large national telecommunications companies.

Cornerstone quickly approved and funded a $200,000 credit line secured by receivables. Traditional bank financing was not an option due to recent losses attributed to the COVID work hold. 

Cornerstone provides asset-based financing to smaller non-bankable businesses. Contact us at www.CornerstoneBusinessCredit.com or (781) 384-0124. Do you know of a non-bankable business that needs a line of credit?  …Cornerstone can help!