U.S.-based distributor of high-tech equipment including computers, laptops, printers, monitors, servers, peripherals, and other devices.
The Company markets its services throughout Latin and South America and sources products worldwide including North America, Latin America, and the Far East. They needed a financing partner with expertise in both domestic and foreign markets as well as the ability to grow with them.
Purchase order financing and receivables financing with initial $700K in credit; however, with the support of TFS the company has increased the operating credit to more than $2.0 million. The facility also helped increase sales by more than 100% with the corresponding improvement in profitability.