Solutions for Small Business
Steve Apodaca
Experienced High Level Producer/Leader -SBA, Commercial Real Estate, C & I, Credit, Special Assets.
I'm proud to provide solutions to business challenges for our community and local businesses. I like to think outside the box.
Opportunity:
A high technology company in Las Cruces had opportunities to grow, however due to the need to expend cash flow up-front for their projects, and the length to collect the revenue, they were in a cash crunch. Additionally they needed to better monitor their accounts receivable and payables.
Solution:
The solution is a $1,000,000 Line of Credit for working capital, as well as a $100,000 Purchasing Card for purchases and incidentals. Additionally through Receivables and Payables software, the company now has a better pulse on their cash flow.
By combining a source of working capital, with techniques to better manage the cash flow, the company is able to grow.
Call me if you'd like to discuss how I can be of assistance at (575) 405-0370.