Diamond Business Credit Funds Another "Non-Bankable" Company
Diamond Business Credit is pleased to announce that it recently funded a $200,000 line of credit to a manufacturer of specialty robotics in the medical field.
The company had experienced recent losses and accumulated a deficit net worth as it retooled for a new product offering. Due to the dispersed ownership structure, personal guarantees were not available. By any measure, this was a tough “non-bankable’ transaction.
Numerous other lenders found it easy to say no but not Diamond. Instead, Diamond worked hard to find a way to say YES, and fast! The initial call came in at 5:00 PM on aThursday afternoon and the proposal was issued by noonthe very next day. Now that is fast! The company now has the resources available to fund the restart of its production and grow back to profitability.
Do you know of a “non-bankable” company that needs help?
...........Diamond can help!
for "non-bankable" companies
$25,000 to $1 Million