Trucking Company: Working with a bank that didn’t understand their needs, and wasn’t comfortable with expanding their relationship.

Challenge: A start-up trucking company was experiencing dramatic growth. In order to stabilize ongoing operations they needed a way to create additional cash flow. Their growth also created a need for additional equipment. They looked to their existing banking relationship to help them take their company to the next level – but hit a wall. Their bank didn’t fully understand working capital based lending, and was uncomfortable with expanding their relationship. They were turned away, and their business growth was put on hold.

Fortunately, the owner made contact with State Bank.

The State Bank Solution:

State Bank provided a SLED Credit line and created:

• A steady, reliable flow of operating capital
• Ready funds to purchase specialized equipment and machinery
• Greater flexibility and a LONG TERM partner

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