Client had a revolving credit line with a bank for 11 years, bank was unable to increase credit line.
VERTEX was able to get a subordination from bank on certain accounts and was able to increase their line by $1 million dollars.
Client envisioned an opportunity to expand their existing staffing business by franchising their operations throughout the country.
VERTEX was able to help them grow their business by providing funding to their franchises as well as on-line support and education to all their clients through our software accounting system and accounts recivable collection services.
Client had major account concentrations and had been placed in the work-out division of local bank due to broken covenants.
VERTEX was able to provide the availability needed on the large accounts and negotiate an intercreditor agreement with the bank allowing for a payment of the note over a longer term.
30 year old construction company experiencing healthy growth encountered lending limit at local bank.
VERTEX was able to extend the credit they needed to continue to grow their business using invoice factoring. This increased availability, provided the cash flow needed to improve their vendor relations, which led to deeper discounts on raw materials.