Staffing Company Aviation

aviationheader

$2,000,000 

Line of Credit secured by Accounts Receivable

Staffing Company specializing in the Aviation Industry

This early stage company based in middle Tennessee had recently grown to the point of outstripping the owner’s capital base and he sought a true working capital line of credit from local banks.  Although the business had recently become profitable, the lack of track record and capital prevented any banks from approving the credit.  An experienced banker counseled the owner and encouraged him to call Southeastern for a solution to their growing pains.  Southeastern was able to provide a line of credit sufficient for the company to borrow on its current receivables base and provide room for future growth.  The company is now poised to take on two significant new customers.  Furthermore, the owner was able to pay down a home equity loan he had with a bank to cover startup costs.