Male Executive

Print Firm

Initial Funding:   $50,000

Problem:

A print firm, with significant front-loaded costs, was at the mercy of their main customer who could not accept delivery of an exceptionally large order. Instead, this customer requested warehousing the order. Unwilling to chance asking for payment, production halted due to the lack of cash flow, backlogging other print orders.

Solution:

The firm's commercial banker suggested contacting Hamilton Group, who quickly arranged a three-party program, where the bank partially subordinated its collateral requirements. With a factoring program in place, the firm restarted production on back orders, and, within 30 days, grew an additional 50% from the untapped volume previously tied up in the backlog.

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Factoring Means More Capital for Your Venture!