Case Study: Securing Bank Loans and Lines of Credit Helps Company Grow to Multimillion-Dollar Business

Client:

Home furnishings company

Challenge:

The new company was growing more quickly than their cash flow allowed, so they were interested in obtaining additional bank loans and/or lines of credit to facilitate their growth.

Strategy:

Fineman West worked closely with the client from the outset, meeting frequently to go through financials and cash flow. We took a comprehensive approach to demonstrate that the client was a strong borrower by developing a detailed cash flow projection that clearly displayed their cash needs, as well as doing the research to identify what inventory levels they should be at; managing their tax liabilities; analyzing gross profit and more. This enabled the company to present to the banks a clear picture of where they had been, where they were and where they would be positioned to go with improved cash flow.    

Result:

We were successful in helping the client obtain the necessary financing to help them grow to a $35 million company in just a few years. Ready to transform your business? Contact us today at (213) 688-9898 or info@fwllp.com.