$400 Thousand Line for High-Tech Engineering Firm
Challenge: A high-tech engineering firm finally began winning some large contracts. Their community bank was fine with their existing $150,000 line but, without a track record performing at the higher level, was not comfortable increasing the credit facility to cover the needs of the new awards.
Solution: Federal National paid down the bank line and immediately delivered more liquidity with a much larger facility and higher advance percentages.
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