Crossroads Financial, a provider of stand-alone inventory financing provided a $1.5 million inventory revolver for a startup California flooring wholesaler.
Having gained substantial recognition for carrying the latest trends in wood flooring options, the company faced Chinese tariff wars and COVID pandemic shutdowns during its startup phase and was seeking additional capital.
Having great relationships with their suppliers, the company brought in excess inventory ahead of the pandemic.
The company was therefore able to continue its sales during COVID as the home improvement market continues to thrive.
Crossroads provided the company with an inventory revolving line of credit which allowed the company to pay down suppliers and continue in its expansion efforts.
Crossroads provides stand-alone lines of credit backed by inventory.
