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Crossroads Provides $3.5MM Inventory Financing Revolver to Flooring Wholesaler

July 26, 2018, 07:00 AM
Filed Under: Building Supply

Crossroads Financial, a provider of inventory financing, has recently provided a $3,500,000 Inventory Revolving Line of Credit for the benefit of a wholesaler of wood flooring and vinyl products and accessories.

The company,  an importer and distributor of prefinished/pre-stained wood flooring planks sold under both its own brands as well as private label brands, was asked to vacate their current bank facility after experiencing year over year losses.

Crossroads partnered with a factoring company to replace the company's current line of credit while also providing $800,000 in working capital for the organization. This debt capacity will ensure that sufficient capital is available to support the seasonality of the business. 

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