Advanced Energy Capital (AEC) provided a $575,000 factoring and cash flow advancement facility to a waste management company.

The borrower services large and small retail properties, shopping malls, multifamily properties, prison complexes and construction sites. The firm audits, recommends and implements cost savings in waste management processes and procedures. Based on its size and ability to command competitive pricing, the business engages and manages various third party service providers through long term contracts.

Because of its exclusive use of subcontractors and unique invoicing procedures, this company was essentially locked out of the traditional factoring and ABL market. It needed a flexible solution and a lender willing to understand its business and growth prospects.

AEC was recommended to the company by its investment banker. Realizing that a factoring facility was simply not enough, AEC provided an additional fully funded term advance against present and future cash flow. This unique financing structure gave the company the working capital it needed to onboard a number of new large clients and helped maintain its dominance in its highly competitive market

“AEC understands the void that exists in the traditional ABL and factoring market and aims to fulfill it by providing that crucial incremental working capital the small and mid-sized business community need – and doing it quickly,” said Steven Feldman, managing director of AEC.

New York-based AEC is a commercial finance company which provides working capital financing ranging from $500,000 to $10 million to small and middle market manufacturers, distributors and service companies nationwide.