Challenge: Alexis Group Logistics, a trucking company located in Baton Rouge, Louisiana, needed to improve cash flow in order to pay drivers and purchase equipment needed to keep their business running. Due to the nature of their business, Alexis Group Logistics typically had a 45-60 day waiting period for a normal invoice to get paid.
Additionally, when they originally tried business factoring, their original partner placed a limit on what percentage of their business could be conducted with a particular customer.
Funded: In Alexis Group Logistics’s case, their customer had very strong credit. So we were able to allow flexibility, which allowed Alexis to take on new opportunities and grow. Factoring with Catalyst allowed AGL to free up cash flow to pay drivers and purchase new equipment.
“Working with Catalyst was the best choice we have ever made! The staff is amazing, extremely helpful, and very courteous. They are also extremely quick with equipment financing. On a scale of 1-10, we would definitely rate them a 100!!”
Wayne Alexis Jr., Alexis Group Logistics Co.