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.
