New Deal Announcement
Crossroads Financial, a leading provider of inventory financing, has recently provided a $4 Million inventory revolver for the benefit of a retailer of appliances and electronics.
The company was founded in 1998 and occupies 13 stores in several states throughout the U.S. They are changing business models by moving more into the scratch and dent market of the industry- where they have gained massive recognition from consumers.
Through an introduction from a Factor, the retailer’s new executive team approached Crossroads to provide the working capital needed in order to expand operations. The working capital allowed the company to cover overhead expenses and increase inventory levels.
The additional availability also allowed the company to further grow the highest performing division of the business. Funding against the inventory allowed the retailer to bring in the right mix of products to meet their customer demands.
New Deal Announcement
Crossroads Financial, a leading provider of inventory financing, has recently provided a $3 Million inventory revolver for the benefit of a manufacturer and seller of anti-snoring devices.
The company was founded in 2012 and has experienced rapid growth in the last couple of years. Crossroads was approached in order to free up money tied up in the company’s inventory.
Crossroads funding against the inventory allowed the company to invest in a celebrity endorsement campaign in order to significantly increase revenue in 2019.
New Deal Announcement
Crossroads Financial, a leading provider of inventory financing, has recently provided a $1 Million inventory revolver for the benefit of a premium spirits distiller.
The company was founded in 2013, generating nearly $1 million in sales its first fiscal year. The company currently distributes its products in more than 40 states and is sold in 193 locations throughout the US. Sales have continued to increased during each year as they continue to expand. Crossroads was approached to free up capital tied up in their inventory in order to support the continued expansion of the business.
Working in conjunction with the introducing Factor, the company will be using the funding to increase the number of Brand Ambassadors to increase their sales in new markets.
New Deal Announcement
Crossroads Financial, a leading provider of inventory financing, has recently provided a $4 Million inventory revolver for the benefit of an Army and Navy Store retailer.
The company was founded in 1951 and currently occupies six retail locations in upstate New York. Sales were high during 2018, but they experienced a significant setback due to some store closings. The sales decline forced the company to file for bankruptcy protection. Crossroads was approached to replace the current secured lender who had been assisting with purchasing inventory and supplying cash flow.
Through an introduction from a Broker, the company will be using the funding to emerge from bankruptcy and acquire new inventory in addition to re-establishing terms with suppliers who supported the company while in bankruptcy.
New D
eal Announcement
Crossroads Financial, a leading provider of inventory financing, has recently provided a $1.8 Million inventory revolver for the benefit of a shoe retailer.
The company was founded in 1948 and occupies 12 retail locations between the San Jose and San Diego regions of California. They had experienced rapid growth over the last few years and as a result the company was struggling with cash flow issues and had taken on several amortizing merchant cash advance loans. The good news is the company has lots of money tied up in inventory since the stores needed to be continuously stocked. Crossroads was approached to leverage their inventory in order to pay off the high interest merchant cash advance loans and also to pay down supplier payables. Crossroads was able to provide a more traditional revolving line of credit with no amortization and interest only payments.
Crossroads funds will help assist with improving cash flow while providing assistance in keeping vendor payments current.
New Deal Announcement
Crossroads Financial, a leading provider of inventory financing, has recently provided a $1 Million inventory revolver for the benefit of a manufacturer of educational robotic toys.
The company was founded in 2012 and has reached over 35,500 students in 69 countries. The company was equity backed, but had burnt through a lot of their capital on R&D. The company secured a factoring relationship, but were not getting enough availability against inventory. The factor approached 2 other inventory lenders, but both were not interested in providing a facility.
Crossroads came in to provide an inventory revolving line of credit in conjunction with the factor and allowed the company to keep payables current and stay in good standing with their 3rd party, price, pack and ship warehouse.