Tag - Asset Backed Line

Accounts Receivable Financing Approved for Company in Bankruptcy

We are pleased to have secured asset based financing for a telecommunications and IT company in Chapter 11 Bankruptcy providing them with an accounts receivable line of credit. Prior to contacting us the company was languishing in the bankruptcy process, when the hardworking owner called he was frustrated and at the end of his rope. Our financing allowed for a deal to be done with their current lender and a plan for reorganization being filed. We were thrilled to [...]