Introduction
Transitional periods can put businesses in a holding pattern that can either hinder growth or prevent it completely. An Aerospace company, specializing in mission-critical alloys, was facing just that situation.
Challenges
The company was in transition due to a restructuring and needed to renew its loan. However, because of their up-in-the-air status, the current lender refused to conduct the renewal. The Aerospace company needed working capital to aid in their restructuring to reach cruising altitude once again.
Solution & Results
Success doesn’t often happen in isolation – strong partners and beneficial alliances are important to keep business moving forward. Loeb was happy to provide the necessary working capital for the restructuring, with other companies serving as helpful copilots.
By working alongside a factoring company and inventory lender, we were able to extract the maximum working capital for the client. Without a 3-party lending specialization, this client would not have been able to access this level of value. Within 4 weeks, Loeb renewed the $2.5 million loan and solved the client’s issues, allowing them to soar.
When clients work with us, they’re getting more than our expertise. They also stand to gain from the strategic partnerships and relationships we’ve amassed in our 140-plus-year history.
