An adage goes, "Success is where preparation and opportunity meet." But for one San Antonio company, the element of opportunity was slipping away. Despite their readiness to undertake a major bridge construction project, the financial burden of purchasing necessary equipment threatened to impede their progress.
Banks offer financial assistance to various individuals and companies for countless reasons, but all too often these loans become non-conforming and fail to meet the bank's criteria for funding. Before we dive deeper into non-compliant loans, it is important to first understand what they are.
A revolving credit facility is a credit line set up between a bank and a company. It has a set maximum amount, and the company can use the cash whenever it is needed. A revolving credit facility is sometimes known as an operating line, a bank line, or simply a revolver.
Cash flow refers to the net amount of cash and cash equivalents entering and leaving a company. Cash received represents inflows, whereas cash spent represents outflows. Cash flow involves a receivables account, a payables account, and shortfalls.
Accounting is the one aspect of business that all companies share. Regardless of your line of work or the type of business that you have, you must regularly monitor your finance’s health and satisfy your financial commitments to local, state, and federal tax authorities.
What started as a simple referral ended with our client being able to purchase needed equipment
At the brink of bankruptcy with crippling capital restraints, this client needed financial help fast.
With capital tied up in assets and an increasing demand for logistic services, this client needed to access cash for equipment purchase to support demand.
Funded an energy company based in DFW.