Amount Funded $1,100,000.00
Case Study of Machine Shop Company
A machine shop that specializes in producing parts for the military and aerospace.
They were forced to reduce their workload for two months due to issues with Covid 19. They still needed to fulfill their orders to the military. They took out a PPP loan but found they still needed funds to purchase more raw materials.
If they did not receive more working capital, they risked not completing their contracts. They knew they needed to factor their invoices and accounts receivable to generate fast working capital.
Problems With Other Lenders:
They contacted several commercial finance companies but discovered that most would not factor government contracts and had inflexible terms.
Then the company was introduced to Garden State Funding!
Unlike most finance companies, Garden State Funding can arrange funding for companies that work with both the government and the private sector.
Within 7 days, and with the assistance of Garden State Funding we advanced $1,100,000 directly to the company which allowed them to build up their raw materials inventory. Garden State Funding was able to fund even with the existing PPP loan.
Ongoing Success with Garden State Funding:
The company is completing its current orders and also taking on new orders, which GSF is assisting in funding. Anticipated ongoing funding is projected to be between $1,000,000 and $2,000,000 a month and growing.
Garden State Funding LLC is your flexible and cost-effective source for additional working capital during the current economic crisis!