Crossroads Financial provided a $750,000 purchase order financing facility for a distributor of safety equipment for electric power transformers.

The company came to Crossroads looking to repay four merchant cash advance loans (MCA) and needed some additional working capital. The company had already acquired the inventory necessary to fill its purchase orders, but the delivery dates were a few weeks away.

Crossroads was able to reimburse the company for the inventory they had acquired pertaining to their purchase orders. The amount Crossroads provided was enough to take out their existing MCA loans and provide additional capital for the company to continue running its operations.

Crossroads focuses on providing non-amortizing inventory revolving lines of credit to those companies that don’t qualify for bank financing or to companies needing excess availability then what their current lender is providing.