Client Challenge – Security Services Provider

The client was unable to sign new clients or service additional business from existing clients due to lack of working capital. Growth was restricted and there was a risk that clients would go to competitors.

Forbes Capital Solution

Plan a solution and execute successfully by:

• Reviewing the business history and potential growth opportunities
• Shoring up the weak balance sheet through outside security
• Preparing a loan proposal that addressed the need for a sizeable operating line
• Reduce costs of expensive private debt which was straining cash flow

Impact

• Forbes was able to secure a line of credit and swap expensive private term debt for more manageable Bank debt

• The client was a able use additional working capital to double their business within one year
• With cheaper debt on the books the company is more profitable due to substantial savings on interest costs