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How Working Capital Finance
helped a firm expand their services.
Improve cash flow
Increase staffing
CHALLENGE: This young telemarketing company was rapidly growing. The company had one major customer that wanted to expand their services provided by the telemarketing company. Although the company had a working capital line of credit, their growth had already outpaced their borrowing limits. In addition, the company's profits just could not meet the increased cash needs of the company.

SOLUTION: The company was introduced to IronStone Bank's Working Capital Finance service. IronStone Bank purchased the accounts receivable and provided the business with immediate cash flow. IronStone Bank also provided the credit and collection of accounts receivable, thus reducing credit risk and accounting costs.

RESULT: The company has increased sales and can rapidly add new customers, knowing that IronStone Bank Working Capital Finance will provide fast access to working capital. The company is now able to focus on developing new business relationships and considers IronStone Bank the driving force behind the company's growth.

IronStone Bank Working Capital Finance program provides:
  • Immediate cash flow
  • Competitive advance rates
    and fees
  • Accounting services
  • Credit and collection
Working Capital Finance is ideal for:
Businesses that benefit from IronStone Bank Working Capital Finance are usually one or more of the following:
  • Rapidly growing
  • Highly leveraged
  • Experiencing seasonal sales variations
  • Working with government or other public receivables
  • Having difficulty receiving prompt payment from customers
  • Involved in a buyout, merger, acquisition or restructuring
  • Have sales volumes of $1 million or more
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