FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Crossroads Financial Provides PO Financing to Distributor of Safety Equipment

March 17, 2017, 07:00 AM
Filed Under: Energy

Crossroads Financial provided a $750,000 purchase order financing facility for the benefit of a distributor of safety equipment for electric power transformers.

The company came to Crossroads looking to take out 4 MCA’s, and also needed some additional working capital. The company had already acquired the inventory necessary to fill its Purchase Orders, but the delivery dates were still a few weeks away.

Crossroads was able to reimburse the company for the inventory they had acquired pertaining to their purchase orders. The amount Crossroads provided was enough to take out their existing MCA loans, while also providing additional capital for the company to continue running its operations.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.