Houston Food Manufacturer: Working with a bank that didn’t understand their needs, and wouldn’t raise their line of credit.

Challenge: A Houston Food Manufacturer was experiencing dramatic growth. In order to expand their operations and take advantage of the growing business, they needed their $500,000 line of credit increased to $1,200,000. They had an established relationship with a $2 billion dollar bank, and looked to their existing banking relationship to help them take their company to the next level. They quickly hit a wall. Their big bank didn’t fully understand this customer’s business and working capital based lending. The bank put the company in a “restaurant” category and told the owner they were uncomfortable with expanding their relationship. The business owner was turned away, and their business growth was put on hold.

Fortunately, the owner made contact with State Bank – Working Capital Finance Group.

The State Bank Solution:
State Bank provided an ABL Credit line and created:
1. A steady, reliable flow of operating capital
2. Ready funds to purchase specialized equipment and machinery
3. Greater flexibility and a LONG TERM partner who was willing to work with them

Results: The Company seized its opportunity to grow in both size and profitability and realized more revenue than ever before.