Machine Tool Company
Initial Funding: $75,000
The loss of two major customers meant severe problems for the owner of a small machine tool company. Losing out to a competitor's underbidding not only hurt corporate morale, it put a major strain on the company's financial position. Customer revenues were down 50% and the bank was threatening foreclosure. Bankruptcy loomed.
Within five days, Hamilton presented the company with a factoring program that elevated cash flow issues. In addition, Hamilton enabled a forbearance agreement with the bank by agreeing to provide third party payment discipline.< Previous Next >