A little about the transaction…
This transportation company, and longtime ECF customer, was looking to take on a new contract from a very large and reputable mattress manufacturer. However, this customer would pay on 30-day terms which would create a strain on the company’s cash flow. Having factored before, he knew he needed a working capital line and wanted to keep it ‘in the ENGS family.’ The company’s invoices were due to begin in less than a week and he wanted factoring in place beforehand. He immediately contacted ENGS Commercial Capital to take care of his needs.
ECC was able to move very quickly, approving him and completing his first funding within four days thus meeting his cash flow needs and further deepening an ENGS customer relationship. He continues to be happy with the ENGS service level he has come to expect and has moved all of his invoicing to the ENGS platform to facilitate his continued growth.