Aurous Financial Onboards and Funds $500,000 to a New Food and Beverage Company in 3 Days

A Midwest food and beverage company had been working with another PO financing company for a few weeks trying to get approved. Their funding dates were set and couldn’t be extended. But the PO financier couldn’t complete their due diligence to commit.

Hence the broker, knowing he had to do something, approached Aurous on Monday. He explained he had a client that had to be funded $500,000.00 by Friday. He forwarded the underwriting package immediately. Aurous then went to work.

Aurous completed all UCC, tax, lien, and background checks and due diligence procedures within two days. Additionally Aurous negotiated an intercreditor agreement with a new factor, within the same timeline. Contracts were issued Thursday. Funding was released Thursday evening.

The client made his shipments to his end buyers on time. And is now circling back for another round of funding.