The Customer
- The client is a long-established Medical Spa with growth opportunities on the horizon
Challenge
The company faced projected negative cash flow in 2024, with early indicators showing a continuation of soft performance into 2025.
Moving forward required landlord waivers across multiple leased locations, adding legal and operational complexity that slowed momentum.
The equipment being financed had narrow market appeal, with limited resale value due to its customization for a niche industry, making traditional lenders reluctant to provide capital support.
Done Deal
FNC delivered a $2.2 million structured financing package that included a favorable interest rate supported by a letter of credit to reduce risk exposure and improve credit posture.
Crucially, the financing was deployed ahead of receiving all landlord waivers, allowing the company to continue executing its strategy without waiting on every third-party agreement—accelerating time to impact.
FNC also reimbursed $1.3 million in equipment already purchased, immediately injecting liquidity back into the business and giving leadership flexibility to address working capital needs and other operational priorities.
