Due to the asset being business critical and the firm being at risk of losing jobs without it, we needed to achieve an exceptionally quick turnaround so they could continue their work.
The business came to us on a Sunday night and within 48 hours, we were able to have both the funds and the asset released.
They were originally going to work with their dealer due to the time-sensitive nature of the transaction, however we were able to comfortably beat the dealer’s APR rate, saving the customer time and money in the process.
The facility was auto approved via one of our funder portals and we had the documents out to the customer on e-sign immediately, meaning they were able to use their new edge bander and get back to work in no time at all.
The facility was completed so smoothly, we have begun discussions with the supplier to work alongside them on our vendor panel.
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