The Customer
- Maintenance Company
Challenge
- The company secured major contracts but needed significant new equipment.
- Preferred to preserve cash for acquisitions rather than investing in depreciating assets.
- Higher labor costs and the loss of a major client impacted financial flexibility.
Done Deal
- FNC provided a $5M equipment line of credit with draw-down flexibility.
- Vendors sent invoices directly to FNC, streamlining administrative workload.
- The financing allowed the company to fulfill contracts while maintaining financial stability.
