Crossroads Provides $1.5 Million Inventory Revolver for the Benefit of a Chemical Processing and Manufacturing Company

Crossroads Financial, a leading provider of stand-alone inventory financing, has recently provided a $1.5 Million inventory revolver to a chemical processing and manufacturing company.

Located in Texas, the company has been a family run business since 1970. They specialize in contract manufacturing and tolling, supplying their products to many of the world's leading chemical companies.

When sales declined over the last 12 months during COVID, the company's current lender requested that they exit the financing relationship.

Crossroads was brought in by a Factor to provide an inventory revolving line of credit in conjunction with their factoring facility. In working together, Crossroads was able to assist in taking out the current lender, while also providing additional working capital for the client.      

About Crossroads:

Crossroads has a unique niche in the marketplace by providing stand-alone lines of credit backed by inventory. Crossroads funds transactions starting at $500,000 with an advance rate of up to 85% of NOLV and has no restrictions on A/R to inventory advance ratios. Crossroads aims to provide maximum liquidity to clients in the retail, e-commerce, and wholesale space who are unable to obtain traditional bank financing.