NEWS / BLOG

DIAMOND DISTRIBUTOR

2-18-2016

Client/Industry:
A New York-based privately held diamond cutting company established in 2009. They are a distributor and wholesaler to Tiffany & Co.; as well as private customers.

Situation:
The Company required increased working capital for business-related expenses and growing their sales.

TFS Solution:
A $3.0 million Factoring line which enabled the Company to reduce payables, increase sales by 105% and reverse the bottom line from a negative to a positive.