Refrigeration Business

Funding Story: Refrigeration Business

Video Transcript

A business that was in the refrigeration space, so they were putting refrigeration units on the back of trucks and vans or in vans and the demand for it was growing rapidly but and they were bringing in these completed refrigeration units from overseas and was unable to meet the demand he had from his customers so approached us about providing a trade facility but what he wanted was the ability to pay his suppliers but not have to pay us for 120 days. And that was something we could structure for him, so we would pay his suppliers on his behalf, which means he didn’t have to have the cash to that and that gave him a 120 day payment term to pay us back. And that’s been in place for several months now and working very nicely.

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