December 8, 2014

BACKGROUND • Local family-owned and operated wristwatch company headquartered in Upstate New York with its roots dating back over 100 years • Majority of accounts receivable were long-standing relationships going back 40 years COMPANY CHALLENGES In addition to struggling with collections, bad debt and a lack of working capital, this company also operated below breakeven. …

Wrist Watch Company Case Study Read More »

BACKGROUND • Locally owned and operated electrical contracting firm in New York City • Clients: City of New York, NYS Board of Education, Mass Transit 3 COMPANY CHALLENGES Following the devastating effects of Hurricane Sandy, the company experienced a market-demand extension of payment terms. As a result of the slowdown in cash flow there was …

Electrical Contracting Firm Single Invoice Factoring Case Study Read More »

COMPANY CHALLENGES Because of the financial crisis, this company experienced hangover effects, including an increase in delayed payments from General Contractors, a lack of working capital to buy supplies and pay vendors, missed bid opportunities and more. The growth was outpacing cash flow and larger payroll commitments weren’t met, increasing the company’s number of unpaid …

Painting Subcontractor Single Invoice Factoring Case Study Read More »

COMPANY CHALLENGES The process of collecting the debris was complex because the debris first had to be identified. A sonar ship was hired by our client to identify all of the debris and then equipment had to be deployed to remove it weather permitting. The debris consisted of simple materials like wood to complex material …

Long Island Waterways FEMA Contract Case Study Read More »