Client Success Stories
$1.5 Million Government Contract Financing Line for a Provider of Information Services
Challenge:
After violating bank loan covenants, the company was in need of alternative financing.
Solution:
Taking into consideration the company’s recent turnaround, Federal National was able to provide a $1.5 million government contract financing line to increase working capital, supporting anticipated growth.
$150 Thousand Payroll Funding Line for Management Consulting Firm
Challenge:
A large new sub-contract award brought rapid growth. Without a track record at that business volume, traditional bank credit was unavailable to help meet payroll.
Solution:
A $150 thousand accounts receivable line from Federal National provided ample cash to fund the rapidly growing payroll and additional working capital.
$250 Thousand Accounts Receivable Factoring Line for Home Health Care Staffing Company
Challenge:
Due to recent setbacks, the company was unable to qualify for traditional financing to fund new contract awards. Internal resources were insufficent to fund the business. So, they turned to Federal National.
Solution:
A $250 thousand working capital financing line from Federal National provided adequate cash to fund payroll and fulfill other working capital needs.
$350 Thousand Line for a Professional Services Provider to the Federal Government
Challenge:
Upon winning new contract awards, this government contractor outgrew their self-financing capabilities but was unable to qualify for bank financing.
Solution:
Federal National provided a $350 thousand accounts receivable factoring line, allowing for adequate working capital to fund the firm’s contract awards.
$250 Thousand Line for an IT Services Provider
Challenge:
Due to a limited track record, this IT services provider was unable to increase its bank credit line to take advantage of a new growth opportunity.
Solution:
Federal National’s $250 thousand accounts receivable factoring facility allowed the firm to pay off their obligation to the bank and assured adequate working capital for their new contract awards.
$200 Thousand Payroll Funding Line for Specialty Staffing Firm
Challenge:
A staffing company specializing in service to schools needed a current replacement factoring company because they did not meet their former provider’s minimum size requirements.
Solution:
Federal National’s $200 thousand payroll funding solution assured an easy transition and ample working capital.
$500 Thousand Government Contract Financing Line for a Remote Sensor Manufacturer
Challenge:
After experiencing a tense climate with their bank due to recent losses, a former client wanted a new lender. This former client desired to return to Federal National because of our government contract financing expertise and their prior good experience.
Solution:
Federal National provided the manufacturer with a $500 thousand accounts receivable factoring line, allowing adequate working capital to fund its cyclical business.
$500 Thousand Line for Staffing Firm
Challenge:
A self-financed firm that provides staffing services to commercial companies was in need of alternative financing options to support its growth.
Solution:
A $500 thousand line from Federal National provided ample working capital to fund its anticipated rapid growth.
$500 Thousand Line for Provider of Application Development Solutions
Challenge:
A start-up provider of application development solutions was unbankable due to a limited track record.
Solution:
A $500 thousand working capital financing facility from Federal National provided ample funds to fulfill new contract awards and to allow for anticipated growth.
$150 Thousand Line for CBE and HubZone Enterprise
Challenge:
After winning new contract awards, a start-up CBE and HubZone enterprise outgrew its self-financing capabilities but lacked the experience to qualify for bank financing. In need of payroll funding, the government contractor turned to Federal National.
Solution:
Federal National provided a $150 thousand accounts receivable factoring line, infusing adequate funds for payroll and other operating expenses.
$1.2 Million Line for an IT Solutions Firm
Challenge:
Due to deficit reduction activity on a government contract, an IT solutions firm was breaking bank covenants and consequently needed an alternative financing provider.
Solution:
Federal National provided a $1.2 million accounts receivable factoring line, enabling the company to pay down its bank obligations and providing working capital for future growth.
$800 Thousand Line for a Health Services Company
Challenge:
Due to a limited track record and lean balance sheet, and in spite of the founders' strong prior experience, a start-up health services company was unable to secure traditional financing to fund its first contract awards.
Solution:
Federal National provided the firm with an $800 thousand line to fund payroll and other operating expenses, allowing for anticipated rapid growth.
$4 Million Line for Contractor to the Department of Defense
Challenge:
A company providing battlefield, telecommunications and new equipment training solutions to the Department of Defense violated its loan covenants. As a result the firm was unable to renew its credit facility during a period of rapid growth.
Solution:
A $4 million line from Federal National refinanced the bank credit facility and immediately provided the needed working capital to support its growth.
$750 Thousand Line for a Software Products and Services Company
Challenge:
A software products and services company was in need of alternative financing after breaking loan covenants with its bank.
Solution:
Federal National provided a $750 thousand accounts receivable factoring line, paying off the firm's obligation to the bank and assuring adequate working capital for new contract awards.
$750Thousand Line for a Provider of Professional and Integrated IT Services
Challenge:
Due to recent tax arrearages a provider of professional and integrated IT services was not bankable. Yet, he wanted to transition from his existing factor.
Solution:
Federal National was able to provide the company with a $750 thousand accounts receivable factoring line to pay down the company's previous factor and provide ample working capital for future growth.
$400Thousand Line for IT and Telecommunications Consulting Services Provide
Challenge:
While lacking the track record to qualify for traditional bank financing, a start-up IT and telecommunications consulting services provider wanted to change its prior factoring facility.
Solution:
A $400 thousand accounts receivable factoring line from Federal National allowed the startup to pay down its prior line and provided ample working capital to grow and fulfill its contracts.