Bridging a financial gap - Using account receivable factoring to fund a business

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Information about Bridging a financial gap - Using account receivable factoring to fund a...
Finance

Published on February 27, 2014

Author: chrislehnes

Source: slideshare.net

Description

Gibraltar works with promising companies that need an
efficient cash infusion to grow business. Our recent
factoring deal with a New Jersey-based waste
management company is an ideal example of how we
can bridge the financial gap.

2/27/2014 Bridging a financial gap. Bridging a financial gap. Gibraltar secures $500,000 factoring credit line for a NJ waste management company. Gibraltar works with promising companies that need an efficient cash infusion to grow business. Our recent factoring deal with a New Jersey-based waste management company is an ideal example of how we can bridge the financial gap. The challenge. Specializing in the disposal of household hazardous waste, including paint, batteries and glass, our client required quick capital to service new customer contracts but was unhappy with the service, structure and price provided by another factor. After evaluation, we learned that the company had past-due tax obligations, and while they had negotiated a payment plan with the IRS, there was an existing tax lien prohibiting Gibraltar from obtaining its required first lien position. The solution. Turning a roadblock into an opportunity, Gibraltar worked diligently to obtain the proper IRS subordination agreement to effectively refinance and close the facility in approximately 60 days. The result. The new $500,000 revolving line of credit has given the company much greater flexibility and critical liquidity to boost business. >More factoring deals. In addition to this creative capital deal, Gibraltar is pleased to announce these: http://secure.campaigner.com/Campaigner/Public/t.show?6dfrv--3ft0a-o2g4ed2&_v=2 1/2

2/27/2014 Bridging a financial gap. Think your company may need more working capital for growth or momentum? Call Gibraltar today to see if factoring or an asset based line of credit would be an effective solution for your cash-flow needs. Chris Lehnes (203) 304-9527 clehnes@gibraltarbc.com www.gibraltarbc.com http://secure.campaigner.com/Campaigner/Public/t.show?6dfrv--3ft0a-o2g4ed2&_v=2 2/2

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