HCC Secures $700,000 Factoring Line Of Credit For A Manufacturing Client

HCC Secures $700,000 Factoring Line Of Credit For A Manufacturing Client

Huntington Beach, CA: In the second tranche of financing, Huntington Coast Capital secured a $700,000 factoring line of credit for a snack food manufacturer. In the previous post we discussed the equipment loan needed to meet demand from new orders. This factoring line of credit was established for the ongoing working capital needs the company faces. Everything from managing payroll, supplier payments and other overhead burdens the company faces can now be met more quickly through the revolving line of credit.

Are your expenses piling up while you are waiting for customers to pay you? Through our network of capital providers we have most every business funding need covered. Experience the difference Huntington Coast Capital can make in your growth goals!

Call us at 714-719-8966.

Huntington Coast Capital Arranges $50,000 Equipment Loan

Huntington Coast Capital Arranges $50,000 Equipment Loan

Huntington Beach, CA:  Huntington Coast Capital arranges a $50,000 loan to purchase new equipment. A client in the snack food distribution business was growing quickly and needed new equipment to meet demand. The company has been in business for 3 years  and although they started with $2,000,000 in equity (primarily invested in existing equipment), they were showing a loss from operations.

This type of loan request is difficult for a few reasons: 1) losses the company is showing on their financial statements, 2) size of the loan. Most lenders are not interested in providing loans of this size, 3) the majority of lenders would not consider the loan on a stand alone basis, 4) most lenders need outside collateral and/or the banking relationship to provide a loan of this nature.

After a fair amount of trial and error from both our funding sources and independent research performed by the company, we found a solution.

The $50,000 loan will allow the company to purchase 2 new label machines that are needed to meet the schedule of the new contracts rolling out this year. These new contracts total over $4,000,000 in gross sales over the next 12 months. A relatively small amount of capital will enable the company to make a big difference to their top and bottom lines.

If your bank is making you feel insignificant, give us a call 714-719-8966. We specialize in securing loans for requests and companies of all sizes. Equipment loans are just one category of asset financing we focus on. Whether you’re in need of general working capital funding, tenant improvements and expansion funding or purchase order financing, we can assist.

To your success!

Patrick Zazueta | Founder
Huntington Coast Capital, Inc.