Crossroads Financial provided a $1.5 million inventory revolver to a chemical processing and manufacturing company.

Located in Texas, the company has been a family run business since 1970. They specialize in contract manufacturing and tolling, supplying their products to many of the world's leading chemical companies. When sales declined over the last 12 months during COVID, the company's current lender requested that they exit the financing relationship.

Crossroads was brought in by a factor to provide an inventory revolving line of credit in conjunction with their factoring facility. In working together, Crossroads was able to assist in taking out the current lender, while also providing additional working capital for the client.