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CBC Business Credit Provides Credit Line to Auto Parts Distributor

June 01, 2016, 07:59 AM
Filed Under: Distribution

CBC Business Credit announced the funding of a $750,000 asset-based revolving line of credit to an auto parts distribution company in business for the last five years out of Rancho Cucamonga, CA. The company primarily sells to dealers, independent shops, installers and jobbers shops.

Experts in the automotive market, this company recently faced challenges of working capital shortfall for their anticipated growth. The company had entertained new business with large volume and well-established account debtors who mandated 90-95 day terms of payment. CBC was able to step in and provide a successful solution by offering the business a sub-feature component, thus accommodating a 90-120 day term of payment for the specified segment of potential new business. CBC's customized solution and revolving credit line successfully provided the working capital needed to fuel anticipated growth.

CBC Business Credit provides collateral lending solutions to companies in situations ranging from rapid growth to turnarounds, utilizing receivables, inventory, and fixed assets. CBC provides up to $10 million in credit for growing companies. CBC Business Credit also serves other banks seeking alternative credit facilities for their non-traditional lending clients, without jeopardizing existing relationships.

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