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 a delay in payment to suppliers, missed bid opportunities, and the company couldn’t fund payroll or meet...
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...
Long Island Waterway Debris Removal Firm: Single Invoice Factoring 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...
COMPANY CHALLENGES The main challenge this company faced was that they did not have to working capital to meet the need of the shade manufacturer, who required payment in November to cover a 6-8 week lead time. The shade manufacturer’s terms included a 25% deposit, 50%...