The company, in business for over 10 years and specializing in the financial industry, was experiencing slow payments from its clients and needed immediate funding to make up for the short-term cashflow shortfall. They did not want traditional invoice factoring as they were concerned that their clients would be notified and might think the company was in financial trouble. We were able to fund $35K within 1 day, without having to notify the company's clients.
Building on the success of their popular downtown Washington DC restaurant, the partners opened a new location in a prime Manhattan neighborhood. However, shortly after opening, there was a major gas main break in the area and the restaurant was forced to close for 3 months. We were able to cross-collateralize with the DC location and provide much needed funding to help re-open the NYC location.
The company, owned by some of the most well-known names in basketball, baseball, football and other pro sports, provides a platform upon which professional athletes can interact with their fan base. The company has garnered several major advertisers and sponsors and needed a bridge until they closed on an eight-figure equity round.
"Thank you again for servicing our funding needs. Your help allowed us to pull down financing at a critical juncture in our company’s evolution." Ray, CFO
The company is a family-owned holding company comprised of a food manufacturing and co-packing facility, a specialty foods sales and marketing business, a bakery supply company, and a trucking & logistics subsidiary. Clients include: Costco, Whole Foods, Williams-Sonoma, Wegman's, Kroger, and Safeway.
The company required short-term bridge financing in anticipation of closing on a larger bank credit facility in the next few months. Special challenges included significant outstanding Federal tax liabilities and civil judgments, which we were able to work around.
The company manufactures accessories for iOS and Android-based smartphones. Customers include Tech Data, Best Buy, Amazon, Microsoft, Fry's Electronics, QVC and Staples.
The capital is being used to help fund the execution of new customer purchase orders. The transaction was closed within 24 hours from submission of documents. Additional funding has been committed as new purchase orders come in.
The company owns 2 restaurants in top markets in Michigan. They were funding working capital via a merchant cash advance lender. The new funding was twice the amount previously made available from the merchant cash advance lender, at half the cost and without having to tie into the company's credit card processing
The company will be using the funds to accelerate the growth of a newly-opened location.
The company provides patented diabetes monitoring and wellness solutions that increase visibility, lower costs and provide real-time care for members resulting in improved outcomes. Customers include state and municipal employee health plans and major health insurance carriers.
The funding will bridge the company's working capital needs in anticipation of closing on a larger public financing round.
The transaction closed in less that 24 hours from initial contact.
The company assists clients in setting up and managing in-store and out-of-store events and retail roadshows. Customers include major home product and apparel suppliers.
The company will be using the funds in lieu of a traditional AR factoring line, to take on larger assignments and for general working capital needs. Funding was completed in less than 48 hours of submission of application and did not require customer notification, receivables lockbox or the owner's personal guarantee.
The company designs, manufactures and installs vintage and reclaimed wood products, including flooring, ceilings, wall panels, and furnishings. Customers include Marriott Hotels, Disney Stores, Nokia, LEGO, Coors Brewery, and numerous museums, universities, hotels, restaurants, bars, and celebrity residences in the US, Europe, and Russia.
The company will be using the funds to acquire inventory and equipment to capitalize on a time-sensitive business opportunity. Funding was completed within 24 hours from submission of application.
UPDATE from owner 1 week from funding: "Thanks and things are going well. We have secured new export orders of $400,000+ and have arranged machinery and new material handling equipment to improve throughput and efficiency since your funding was placed."
UPDATE #2 (3/16/15): Azadian Group has advanced this company an additional $100K, after only 6 weeks into a 6 month term, to allow the company to acquire inventory and equipment to capitalize on a significant new business opportunity.
Azadian Group's Small Business Growth Fund has provided $190K to a NYC-based commercial fireproofing provider.
The company is a sub-contractor to major general contractors such as Skanska USA, Turner Construction, Sciame, etc. They provide the latest building fireproofing solutions for end-customers including Madison Square Garden, JFK Int'l. Airport, and numerous public and private schools and universities.
The funding was drawn down in increments over the course of 5 months, as needed by the company.
The company is utilizing the capital to hire additional skilled labor to take on bigger jobs.
UPDATE (3/16/15): Azadian Group has advanced this company another $100K, refinancing the outstanding balance into a new, longer term and at a lower rate, based on positive experience with the company.
The company's customers include Microsoft, Amazon.com, and SYNNEX. The funding will enable the company to execute on large purchase orders it would otherwise have had to forgoe. The transaction closed in 3 days from application.
"This allows us to accomplish short-term goals to bring in more revenue in the coming months. We are looking forward to growing our business a little quicker now and getting some bigger PO's! Thanks!" CEO
We are happy to announce that we recently closed on $2 million in capital funding, exclusively for our Small Business Growth Fund. We intend to place the entire investment within the next 2 months. The focus for this program is short-term (4-15 months) bridge financing from $10-500K for small and medium private businesses. For more information, please email info(at)azadiangroup(dot)com.