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 be able to get the borrower a term sheet within a few days of them contacting us. We focus on real solutions for real-life issues.
We have a vast amount of experience dealing with challenging situations with hard-working business owners and commercial real estate investors who need financing during workouts or bankruptcy. We focus on solving their financials issues which can include new financing for working capital, inventory, equipment, accounts receivable, Debtor in Possession financing, bridge and permanent mortgage and loans. Discount note purchase financing, as well as the payoff of a mortgage in foreclosure and default.
We are here for our clients when they need us the most.
Feel free to call us at 561-221-0900
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