High Tech Contract Manufacturer: Working with a Factoring Campany who just plain charged too much, and jeopardized profit margins.

Challenge: This Company is a growing business in a niche industry and was looking for predictable cash flow and the ability to pursue additional business. Their factor relationship was in place but the fees that were being charged were so high, that the company’s bottom line was hurting.

Then, the President found State Bank – Working Capital Finance Group.

The State Bank Solution:
State Bank provided ABL Credit line and created:
1. Just the right amount of capital to grow their business
2. Access to additional cash without the high cost
3. A broad banking relationship with a full range of banking services

Results: This company leveraged their relationship with State Bank, taking advantage of the reasonable fees and steady source of cash flow to grow and prosper.