FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Crossroads Provides $4MM PO Financing to Aircraft Components Manufacturer

January 19, 2015, 08:08 AM
Filed Under: Manufacturing

Crossroads Financial announced it has provided a $4 million purchase order financing facility for the benefit of a manufacturer and distributor of electronic components used in aircraft systems.  Faced with a large increase in order volume from three Fortune 500 customers, the company turned to Crossroads, who initially provided a $4MM advance to their supplier, creating an opportunity for the client to fill these orders.  Through this initial order, the company has become a market leader in obsolescence management to high reliability system manufacturers designed to help minimize the impact and risk associated with end of life of key electronic components.

Crossroads will be supporting the ongoing needs of the company as they experience rapid growth from a new product launch. Crossroads teamed up with a factor who is providing a $7.7 million AR Factoring Facility.

 “This transaction speaks to the flexibility of Crossroads Purchase Order Financing program” said Jim Rothman, President of Crossroads.  “Crossroads was able to quickly address a massive issue for this company which could not be solved by a traditional lender. It took components of our PO finance program and blended it with inventory needs of the client for creative solution to our client’s distinct needs.”

Crossroads Financial is a unique lender offering stand-alone inventory financing solutions through inventory revolving lines of credit and purchase order financing.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.