In the world of manufacturing and wholesaling, one company embarked on a transformative journey to redefine how woven fabric bags played a role in demolition clean-ups. This case study unveils the story of a resilient manufacturer/wholesaler that partnered with Samlend Financial, securing a vital $800,000. This financial injection powered their operations, bolstered their vision of excellence, and set them on a path of remarkable growth.
Vision
With 21 years of experience in the industry, the company's vision was to redefine the way woven fabric bags contributed to demolition clean-ups. Their aspiration was to provide high-quality, efficient solutions that met the demands of major retailers like Lowes, Home Depot, and Walmart, while also supporting construction sites.
Opportunity
As a seasoned manufacturer/wholesaler, the company was well-positioned to meet the demand from major retailers. With a presence in stores like Lowes, Home Depot, and expanding into Walmart, the company recognized an opportunity to capitalize on the growing market for their woven fabric bags.
Challenge
Facing the aftermath of a challenging year, which included moving to new facilities and the associated delays and Capex, the company reported a $2.1 million loss in the previous year. With a significant amount of debt on their balance sheet due to a $10 million mortgage on the new facilities, the company needed capital to navigate the complexities of their operations and seize new opportunities.
How Samlend Financial Helped
Samlend Financial emerged as the solution to their financial needs. In the midst of a larger equity raise and their busy season, the company secured $800,000 from Samlend Financial to support increased demand, maintain their production schedules, and drive growth-oriented strategies.
Results
The partnership with Samlend Financial yielded significant outcomes for the manufacturer/wholesaler company:
Strategic Equity Raise: The financial support allowed the company to maintain their growth trajectory, supporting a successful equity raise.
Sustained Production: The capital infusion enabled the company to meet their production schedules, catering to increased demand and ensuring timely deliveries to their major retail clients.
Steady Growth: With the added liquidity, the company was poised for a record sales year, reinforcing their position in the market and supporting their equity raise.
Operational Efficiency: Samlend Financial's support allowed the company to navigate around challenges, maintain momentum, and focus on strategic growth initiatives.
Conclusion
With $800,000 in crucial funding, the manufacturer/wholesaler overcame financial challenges, guaranteeing continuous production and successful equity raising. Samlend Financial's swift response, flexibility, and industry knowledge played a key role. This partnership solidified the company as a trusted supplier to major retailers and paved the way for a record sales year, highlighting the importance of responsive financial support in navigating industry complexities and sustaining growth.
Why Samlend Financial
The decision to collaborate with Samlend Financial was influenced by:
- Quick Response: Samlend Financial's swift response time provided the company with the much-needed liquidity in under a week, enabling them to keep pace with their production schedules.
- Flexibility: Samlend Financial's flexibility and understanding of the company's unique circumstances allowed them to provide a tailored financial solution that aligned with their needs.
- Navigating Complexities: Samlend Financial's expertise in navigating UCC issues and working alongside the company's SBA loan process ensured a seamless and supportive partnership.
