NEED:
This company needed capital for expansion into a previously outsourced manufacturing industry allowing them to increase gross margin for their main product.
SOLUTION:
The company partnered with VFI for multiple rounds of financing totaling $20 million for the manufacturing plant, warehouse facilities (racking), and new corporate office build-out.
BENEFITS:
- VFI provided a secondary source of financing outside their banking relationships and provided a lease line of credit to efficiently manage multiple vendor payments over several months.
- Quick approvals and funding turnaround were key elements in this process.
