Incredible Relationship

International Funding

167,000,000 Funded

Company Overview

This company is focused and dedicated to quality. Whether it’s products and services or the safety of its employees, providing the best is how it sets itself apart from competitors. The company mainly focuses on the manufacturing and research of windscreen wiper/washer systems. For many decades, this company has perfected its craft in the wiper industry and has built the name of quality.

1,200,000,000

Company Revenue

Operating Lease; Capital Lease

Manufacturing

Onset + Manufacturing

Our first transaction with the customer was $5M for equipment in the United States and Mexico. However, a massive reorganization and debt recapitalization a couple of months prior made it tough to assess an accurate financial picture. In fact, after some tough negotiations, the transaction almost fell apart.

But because of our dynamic funding abilities, we were able to deliver what was needed. Since then, we’ve funded a broad range of equipment, from manufacturing to inventory, racking and shelving, and everything in between.

We’ve been able to help them acquire equipment from Romania, Belgium, and Italy in addition to the US and Mexico. And, we have developed a solid relationship with this company and have helped them grow their revenue by nearly three-times. Our transactions have given them the freedom not to utilize their line of credit and use cash for growth instead of putting it into equipment.

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