Aircraft Parts Distributor Needs Additional Working Capital After Bank Says “No”
This 26-year old, family-owned aircraft parts distributor with deep relationships with major aircraft and aerospace accounts.
Challenge:
The Company requested additional funding from their bank to cover additional on-hand parts supply to meet increased demand. The lender denied their request. The company needed a more flexible working capital facility, and a lender that understood the opportunities and challenges specific to the clients’ business.
Solution:
Seacoast Business Funding quickly determined it could help the company and structured an ABL facility, which included inventory financing and a multi-year commitment. As a result, the solution we provided greatly increased the company’s borrowing capacity, and position to achieve their revenue goals.
