This distributor of aerospace parts had been in business for over 15 years, but a management reorganization resulted in a downturn of overall business. The company became undercapitalized, negatively impacting their trade credit. When their bank couldn’t provide a traditional working capital line, they called Summit.
Summit structured a $1mm A/R line, which allowed the company to stabilize and improve their supplier relationships.
The company can now move forward from the downturn, maintaining strategic growth objectives and expanding operations.