Accelerated Payments provided a $500,000 Receivables Finance facility to a client specializing in vehicle repairs. This client has been operating for over 20 years, offering repair services for vehicles damaged in collisions.
Despite having a positive relationship with its bank, the client faced limitations with its existing facility, which lacked the flexibility needed to support seasonal cash flow needs. These fluctuations significantly impacted the client’s ability to manage operations smoothly throughout the year.
While the client was committed to preserving its relationship with the bank, additional working capital support was necessary to effectively manage operations and new opportunities to grow its business. It became clear that an alternative financing solution was necessary to bridge its working capital gap.