IT Consulting Firm is recipient of Consulting
A privately held company in the business of providing information technology and help desk outsourcing for some of the Fortune 500 was experiencing growing pains. The company had developed a very strong client base but was forced to adhere to the slow paying terms of these large corporations. Waiting forty-five to sometimes sixty days to receive their payments was causing a cash crunch on the company’s working capital. Although the company was expanding and taking on new clients most of these new clients continued to be large corporations demanding lengthy terms.

ICA had the answer. ICA secured a Revolving Receivables Factoring Program for the company. Whereby, the company could now submit their invoices to the funding source and receive an 80% advance within 24-48 hours upon submitting their invoice. Now, instead of waiting the standard forty-five to sixty days to receive payment, the company had access to these well needed funds immediately. With ICA’s help, the company was well on its way to realizing its sales goals for the year and increasing its profitability.

Radar Speed Display Manufacturer no longer has to worry about SPEED
Radar Speed Display Manufacturer had been a key player in the radar industry for 15 years. The company was enjoying the recent success of securing various business relationships with many different agencies of the Government. However, as with most Government agencies the payment terms were very long. The company was very interested in building its Government client base but it was also concerned with how to grow the company with clients that paid so slowly.

The transaction had all the right ingredients for ICA. The company account debtor was a very financially sound entity but was paying the manufacturer with terms of net 45 days. As a result, ICA provided the manufacturer with a Revolving Government Receivables Factoring Program. Consequently, ICA’s financing enabled the company to successfully stage itself to accept more orders from these Government agencies while having immediate access to their well needed funds.

Flooring Company receives its own staging
ICA was approached by a dealer, distributor, and contractor of Access Floors, which just received a large purchase order through the US Government. In order to facilitate the deal, the flooring contractor needed to receive financing in order to pay for all of the materials, labor and other costs associated with the project. Turned down by various ‘traditional” lending institutions, the flooring contractor was happy to learn that ICA could help.

ICA was able to secure its financing through a Purchase Order Funding Program. As a result, the flooring contractor successfully completed the US Government flooring contract on time and according to budget. Because of their job well done, the Government agency placed another order for twice the amount of the original project.

Materials Mining company receives the perfect formula
A privately held corporation that mines, processes and specializes in “Micro-Sized” industrial mineral products that enhance or impact our everyday lives was missing the key ingredient. The mining company received three very large purchase orders for their product. Unfortunately, all of the funding sources they spoke with declined to help for various reasons. The company needed help to fulfill the orders; however its balance sheet could not sustain traditional financing.

ICA was all too familiar with the company’s dilemma and possessed the ability to solve the problem. ICA provided financing to the company through a private placement. ICA’s client was able to successfully ship to the Fortune 500 companies and continue to build toward a profitable year.

Trucking Company is transported to improved cash flow
A Midwest company with over 21 years experience in the trucking, transportation and logistics industry specializing in hauling time sensitive refrigerated freight nationwide needed some help with transporting them to improved cash flow.

The company had developed a very strong client base but was forced to adhere to the slow paying terms of these large corporations. Waiting forty-five to sometimes sixty days to receive their payments was causing a cash crunch on the company’s working capital. In addition, the company was approached by two very large Fortune 500 companies interested in utilizing their transportation services. Unfortunately, the trucking company’s cash flow was not strong enough to support the two new large contracts. Being able to facilitate the two new contracts would increase the trucking company’s sales significantly.

ICA had the answer. ICA secured a Revolving Receivables Financing Program for the company. Whereby, the company could now submit their invoices to the funding source and receive a 90% advance within 24-48 hours upon submitting their invoice. Now, instead of waiting the standard forty-five to sixty days to receive payment, the company had access to these well needed funds immediately. With ICA’s help, the company was well on its way to realizing its sales goals for the year and increasing its profitability.