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.

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