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Diamond Business Credit Provides Financing to Recycling Firm

March 22, 2018, 08:00 AM
Filed Under: Recycling

Diamond Business Credit announced the recent funding of a $500,000 line of credit to a scrap metal recycling and smelting operation. 

The company was recently organized to purchase the assets of a dormant operation that had failed and ceased operation some time ago.  The management team, consisting of an industry operations expert and a business management consultant effected the acquisition, re-started operations and immediately built a substantial backlog.

Management successfully secured some vendor support but also needed a working capital line to successfully execute its aggressive growth trajectory.  

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