Formal search for a new ABL funding source ultimately increased availability and reduced pricing on their existing revolving line of credit. Multiple proposals were received which allowed Connor to select the best fit to fund their growth.
Ongoing buyside search for small plastic injection molding operation and value-added distributors in the rubber and plastics space.
Direct investment via an operating lease to allow Draper to acquire an essential piece of manufacturing equipment. A prompt and efficient credit approval process distinguished Creekview from more traditional funding sources.
Solved a liquidity issue by creating and executing a turnaround strategy, hiring a new CFO and renegotiating the credit agreement with the incumbent lender. By enhancing communication with the senior lender, we were able to improve advance rates and obtain a long term extension. Engagement has been extended to include enhancing corporate governance and evaluating an acquisition opportunity.
Provided a high growth software as a service (SAAS) company in its first two years of generating revenue with a solution to finance IT Equipment without raising additional equity and diluting existing shareholders. Successfully placed $1,000,000 of secured notes with Mezzanine like economics to leverage the balance sheet until the company matured enough to qualify for senior debt from a conventional source.
Appointed Treasurer/CFO of early stage consumer goods company to lead capital raise and establish financial controls as SEETtek transitioned from start up to early stage firm.
Refinanced owner occupied real estate from regional bank to a community bank. Executed transaction during a challenging real estate market and successfully improved terms and conditions for borrower. Also was able to articulate a turn around strategy to senior lender in order to restructure senior debt of Midas Muffler franchisee.