We had a security guard service that was experiencing tremendous growth, but felt the constraints of managing a growing business. Their biggest challenge was a lack of cash flow. Without access to additional cash, they would lose guards and customers, and be forced to turn away new business. Their short time in business and an absence of strong financials caused them to be turned down by their local Small Business Development Center (SBDC) for an SBA loan. They were referred to us for an alternative solution.
Our first step was to help the owner locate the services necessary to get his firm's financials in shape. Our accommodating measures at the onset of the deal encouraged standard accounting practices and strengthened the company's financial position.
At the same time, we presented the firm with a customized Flex factoring program. Our program met the security firm's cash management needs, and also took into account the owner's hesitancy to sign a personal guarantee.
If you need your cash now, let us know what industry your company is in and the invoicing volume if possible.
Larry @ Lgpotter33@gmail.com
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