A family-run business with over 50 years of expertise in manufacturing and distributing dairy products and restaurant supplies recently faced significant financial challenges.

Following a period of aggressive expansion—including entering new markets and acquiring a cold storage facility—the company found itself in need of additional working capital. However, with a highly leveraged balance sheet, their existing lender was unable to provide further support.

The company needed a financial partner that could understand its unique situation and provide the necessary funds to manage its recent growth and ongoing operations. With traditional financing options exhausted, they required a strategic solution to unlock the value of their existing assets.

Seacoast Business Funding (SBF) stepped in to provide a customized $3 million ABL facility. The flexibility allowed the company to draw funds as needed, directly tied to the value of their receivables and inventory. The added liquidity allowed the company to engage new customers, expand existing customer relationships, and pursue further growth opportunities.

Thanks to Seacoast Business Funding’s tailored ABL facility, the company was able to navigate financial difficulties, maintain its growth trajectory, and secure a prosperous future.