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Commercial Printing Company

Situation

The long-time manager of this digital and offset Commercial Printing Company purchased the company from the previous owner who had run the business since 2003.  The new owner used personal savings and a small equipment loan to purchase the business but soon realized that additional working capital was needed to grow.  The seller had previously been a satisfied Magnolia Financial client and recommend the new owner meet with Magnolia in order to secure an Accounts Receivable Line of Credit.

 

Solution

With significant experience financing Commercial Printers, Magnolia Financial understood the cash flow challenges.  Despite limited financial information,   Magnolia proposed a $100,000 working capital line of credit secured only by the companyÂ’s Accounts Receivable.  The additional cash flow provided by Magnolia Financial allows the company to focus on sales rather than worrying about keeping suppliers current and covering payroll.