Turn-around situation: Wholesale / distribution company

Company: 
Twelve-person, Twenty three-year-old company.

Situation / problem: 
The company experienced a major financial reversal, resulting in the company's line of credit being severed by the financial institution. They were unable to pay creditors and meet payroll. No other bank would extend credit to this company.

Effort: 
We were able to reach an agreement with the company's creditors to work with the company and avoid bankruptcy. We contacted and established a relationship with a non-traditional lender. This allowed the company to stay in business. Developed a long-term strategy to recover and prosper.

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