Leland Capital provided a $200,000 work-in-progress facility to an electronic parts manufacturer based in Vermont. The facility is expandable to $400,000.
The manufacturing company had maxed their internal cash flow limits. Leland provided revolving work in process funding. Last year this client generated $3.5 million in sales. With this new funding, it is projected it will be able to generate $6 million per year.
This client was directed to Leland by a factoring company referral source.
