ENGS Commercial Capital Provides $1.25 Million Factoring Facility to Growing Bottling Company

A wholly owned subsidiary of a former ENGS Commercial Capital client had grown to a point that they could no longer be funded internally by the parent company and would need their own financing facility. The company first explored traditional finance options for this new facility and began the process of obtaining term sheets from lenders. After reviewing the proposals, they were offered, the company realized that the flexibility and terms previously provided by ENGS was the right solution for its growing subsidiary and reached out to ENGS to discuss a solution.

ENGS was able to quickly step in and provide a $1,250,000 accounts receivable factoring facility to meet the needs of the growing company. As the company continues to expand across the Pacific Northwest and beyond, they will also have the ability to bundle ENGS’ equipment financing into their working capital facility which will allow them to expand production and further facilitate growth. The ability to create flexible and customizable solutions, along with priority access to equipment financing and insurance options, allowed ENGS to structure a facility that will provide enough cash flow to support the company as it continues its growth trajectory.

ENGS flexible solutions can be customized for businesses in any stage of the business cycle and are designed to support growth. If you know of a company that could benefit from additional working capital, contact me to discuss a customized solution.