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ExWorks Capital Provides $9MM in Working Capital to Aircraft Systems Manufacturer

December 15, 2017, 08:00 AM
Filed Under: Aircraft

ExWorks Capital provided $9 million in working capital financing to a California-based manufacturer of complete aircraft systems. Most recently, the company was awarded a contract to provide services to the U.S. government.

ExWorks Capital provided the company with a working capital facility to fulfill a newly awarded contract.

“By working closely with this experienced management team, ExWorks was able to identify collateral value that the company’s existing lender did not feel comfortable advancing against. We were able to quickly understand their financing needs and provide a solution that will allow the company to meet the terms of its new significant contracts,” stated John Boyle, Associate Director at ExWorks Capital.

ExWorks Capital provides domestic, import and export trade financing offering financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.

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