Truck Equipment Manufacturer: Working with a Factoring Company who just plain charged too much, and jeopardized profit margins.

Challenge: This company is a leading business in a thriving niche industry and was looking for predictable cash flow and expansion into new product lines. Their factoring relationship was in place, but the fees were so high that the company’s bottom line was hurting.

Then, the President found State Bank.

The State Bank Solution:

State bank provided SLED Credit line and created:

• A steady, LOW COST, flow of operating capital
• A more seamless and professional approach to collection of accounts receivables
• A single financial resource that will grow with this company as it continues to expand