Success Story
Automotive Technology Company
$750,000 Credit Facility
As the automotive industry evolves and moves more toward electric and technology-driven vehicles, the tools for maintaining and services these vehicles have evolved as well. The Company is at the forefront of providing the automotive servicing industry with the highest quality and most advanced tools in the industry.
Catalyst
With less than one year in business and enormous demand for product the Company was challenged with finding a bank to finance their growth. Traditional banks could not get comfortable with the lack of historical performance nor able to provide enough liquidity to support the high-growth trajectory.
Conclusion
Pacific Coast Capital was able to provide the Company with a working capital solution comprised of a $750,000 Accounts Receivable and Purchase Order facility.
The Company now has peace of mind their working capital needs are met and can now focus on what they do best; servicing their customers with the most advanced automotive technology tools in the market today.