A publicly traded west coast distillery was poised for explosive growth due in part to a new celebrity endorsement. The increased national exposure along with an expanded product line, created high demand for the company’s product. However, due to decisions made by the previous management team, the company did not have adequate cash flow to capitalize on the newfound demand. Fortunately, an advisor to the company recognized the challenge and made an introduction to ENGS Commercial Capital.
ENGS quickly recognized the situation and was able to provide a customized $2,000,000 AR Factoring Line that provides the necessary cash flow while accommodating the unique needs of the business. Through the restructuring of their existing credit facilities and with the addition of the ENGS working capital, the company is now poised to capitalize on their growth opportunities.