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Diamond Business Credit Funds $200,000 Credit Line to Manufacturer

May 11, 2015, 07:18 AM
Filed Under: Manufacturing

Diamond Business Credit provided a $200,000 line of credit to a designer, manufacturer and installer of specialty fill products.

After considering a traditional factoring relationship that would have meant intrusive and uncertain contacts with the company’s top-tier account debtors, the CFO approached Diamond and asked for a customized asset-based lending relationship that would allow the company to meet its in-season obligations without significantly altering its day-to-day procedures. Diamond evaluated the situation and did exactly that.  The result was a custom tailored agreement that protected Diamond’s collateral interests while allowing the company significant control over which, and how, selected accounts would be financed. 

Diamond specializes in tough, small deals including start-ups and reorganizations in or out of bankruptcy.

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