Articles
Case Studies
Tripling sales...not for the feint of heart
While many of us are not so excited by the high cost of oil, businesses in the
oil-field industry have to move fast when the market is hot! When business was
booming for a service company that loads and transports drilling rigs from site
to site, they had a problem. Despite its good credit, it was leveraged to the
maximum. By factoring their receivables, the company gained a substantial influx
of working capital. Within two years, Liquid Capital's financing package allowed
for tripling of revenues.
Fast cash was just the RX for this company
To meet the payroll demand as well as purchase new equipment, significant
additional funding was required for a fast growing medical supply company. The
company had credit worthy customers and a business that was growing - an ideal
combination for Liquid Capital. By factoring their receivables, the company is
able to acquire working capital every day they make a sale! With this kind of
secure and reliable working capital, the company has doubled in less than a
year!
All signs are positive for this company
A growing sign company had been a factoring client before...a dissatisfied
client! Of course, their factoring company was not Liquid Capital. So, when they
had a growth spurt and needed additional funding, they were reluctant to even
talk to us. Their former factoring company was rigid and slow. By customizing a
program that met their specific needs and provided the flexibility to minimize
costs through selective factoring, the company was able to focus on its growth
without concerns about where it was going to get its "Liquid Capital!"
Flexible terms allow company to “Keep on Trucking”
A specialty transportation company with customers that typically paid within 20
days could not find a factoring company that would provide pricing that
reflected its fast paying customers. Fortunately, Liquid Capital found them! And
because Liquid Capital offices are locally owned, we can design a program that
fits our unique customers. In this case, by quoting a 20 day rate the deal was
done and the customer was able to save significant fees.
Factoring only ONE receivable saves the day
An explosion causing $1.5 million in damages wiped out a large produce
wholesaler's equity. This company was doing annual volumes of $35 million.
Liquid Capital stepped in to purchase $1 million a month of receivables from one
customer - not a transaction that just any Factoring company would engage in.
No Step for a Stepper
A growing shoe wholesaler found out that their ability to sell shoes outstripped
their capital base to supply the orders. This was sweet success couples with a
frightening feeling after they were turned down for a much needed loan from
their primary financial institution. Fortunately, the institution cared enough
about the shoe supplier to introduce them to us at Liquid Capital. We were able
to quickly provide them with $50,000 in working capital needed to fill the
current orders and also to put the company in a position to continue growth
without future cash flow concerns. Needless to say this helped them to take a
huge step forward.
Trucking Company Testimonial
My husband and I own an auto transport company. We use brokers for many of our
loads. While some of them pay us quickly, some pay very slow. We learned about
factoring from a local bank that provides factoring services. We were ready to
sign the documents when we realized they required us to factor 100% of our
accounts receivables. First, they had not been upfront about this during the
application process. Further, we have several customers that pay us in a week or
two.
I manage our expenses closely, and did not want to have to pay fees to factor
receivables unless I needed that money immediately. I talked to another
commercial banker I know, and he suggested I call Liquid Capital.
We met the next day and they explained all aspects of factoring very clearly.
They were very upfront about fees and the entire process. Most importantly,
Liquid Capital did not require us to factor our entire accounts receivable. This
has saved us over 60% of what we would have paid to factor with the other
company.
In addition Liquid Capital does credit analysis for us when we are taking on new
business and they’ve provided collections as well. The other factoring company I
was looking at did not provide those services. All this was part of Liquid
Capital’s fees which were lower than the other company!
Liquid capital was like a business partner that helps improve cash flow and save
money by managing the accounts receivable! I am very pleased and would recommend
Liquid Capital to anyone seeking additional short term funding
Manufacturing Company Testimonial
Liquid Capital has been an amazing partner to us. Getting cash in hand at the
beginning of a sale transaction has not only helped fuel our growth, buts also
minimized that cash flow struggles we commonly experience as a small business.
It is comforting to know that liquid capital is there for us, offering the most
flexible and personalized factoring service. Thanks so much for your help Good!
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