coupleTraditional lines of credit don’t always meet the changing needs of growing companies. When this distributor of electronics products started to push the limits of their bank LOC, they were referred to Summit Financial for alternative financing.

Summit was able to structure a credit facility that would give the company more immediate cash flow. The $500,000 facility includes a generous advance rate and an inventory component, giving the company enough cash to pay off the existing LOC and allow for future growth.

Summit was able to approve this credit line in a matter of days, enabling the company to help reduce bank exit fees. The credit facility provided by Summit allows the company to continue on its positive trend, with immediate cash flow to buy product, pay vendors, and support its future growth plans.