A rapidly expanding construction firm was facing mounting challenges: lender fatigue, strained cash flow, and limited financing flexibility from its existing provider. The company faced high demand and chances for big growth. However, it had trouble getting the right financial support to keep up. That’s when Express Business Funding (EBF) stepped in with a tailored financial solution to turn things around.
The Challenge: Lender Fatigue and Cash Flow Pressure
The company had outgrown its previous lender, whose rigid terms and slow turnaround were ill-suited to the firm’s pace of growth. The firm’s lack of flexibility was affecting its ability to pay suppliers on time. It also made it hard to bid on larger contracts and manage CRA arrears. All these issues threatened to slow down progress and harm supplier relationships.
How a Factoring Facility and Asset-Based Loan Fueled Expansion
A Flexible $4.7M Financing Solution
Recognizing the signs of lender fatigue and the urgency of the situation, EBF designed a customized strategic financing package. This included:
- A $4,000,000 factoring facility to immediately improve cash flow and fund ongoing projects.
- A $700,000 asset-based loan to clear CRA arrears, restructure debt, and improve credit standing.
These alternative finance solutions helped the client move away from a limiting funder. They were able to take back control of their growth strategy. The added supplier financing capabilities also allowed the business to establish preferential relationships with key vendors, enhancing both trust and operational efficiency.
EBF’s Approach: Strategic Financing with Real-World Impact
“Sometimes you have to see where your customer is heading, not where they’re at,” says Gareth Bird, Chief Growth Officer at EBF. “Our team is comprised of not only finance specialists, but business specialists too so that we can make informed decisions regarding the brands we work with and help them realize the heights that they’re bound to get to – even when very few others can see it.”
Since engaging EBF, the construction firm has experienced record-breaking revenue and sustainable business growth, year over year. Access to asset-backed lending, better cash flow, and stronger supplier relationships have all helped this business turnaround.
Results: Growth, Supplier Confidence, and Financial Stability
With the right financial solutions and a partner that understands the dynamics of the construction industry, the firm now operates with greater agility, scalability, and confidence. EBF can offer flexible financing, help with debt restructuring, and support long-term growth. This positions the company for lasting success.
Need a custom financing strategy to support your business expansion?
Talk to EBF today. We can help you with financial services like factoring and asset-based loans. These services can unlock your company’s full potential.
