A Wood/Stone Processor looking for a way to rework business processes.
Challenge: This company has been saddled with long production cycles and tight cash flow due to slow revenue collection. They were struggling with a way to “reinvent” how they do business, shorten these cycles and grow into expanded profitability.
Then, they started talking to State Bank.
The State Bank Solution:
State bank provided SLED Credit line and created:
- A complete banking relationship – everything they needed, including real estate and equipment financing
- A support staff of professionals who could efficiently and professional handle the collection of accounts receivable
- Access to cash, through SLED financing
Results: This company reinvented its processes, shortened their cycles and dramatically increased their revenues without compromising profitability.