The client is a well-established manufacturer of electrical control systems, providing high-quality industrial controls, electrical and automation engineering, and systems integration to a wide range of industries in the Southeast and globally. With 16 years of experience delivering complex and technical systems, the client remains a leading player in the manufacturing industry, continually raising the bar and exceeding expectations.
A steady cash flow is crucial for the survival and growth of any company. Granting credit (or terms) to customers entails a certain level of risk. To mitigate this risk and ensure prudent credit management, businesses must evaluate the creditworthiness of their customers. Three key factors should be considered when assessing a customer’s creditworthiness: trade performance, debt turnover, and gross margins.
IT Consulting and Staffing Provider Leaves Cash Flow Problems Behind The Client The client, a Northeastern based IT Consulting and Staffing provider, specializes in contract data management, laboratory and testing analytics, and Statistical Analyst System (“SAS”) programing to its customers for clinical trial applications. The Company provides services for numerous large customers throughout the United States. Confronting Cash Flow Challenges
Boynton Beach, FL – September 29, 2020 – Seacoast Business Funding, announced a $6,000,000 asset-based revolving credit facility for an IT Consulting and Staffing provider in the northeast. The Company specializes in contract data management, laboratory and testing analytics, and Statistical Analyst System (“SAS”) programing to its customers for clinical trial applications. The Company was acquired last year and let
