Challenge: Jaguar Fueling, a fuel company whose business was successful and almost to the point where they were self-funding was impacted significantly by Hurricane Harvey. There was a combination of growth opportunities as well as cash flow challenges. The company sought help from their bank for equipment financing and a line of credit to help them with the substantial increase in business. Unfortunately, the bank wasn’t able to turn the request around quickly enough and provide the amount the company needed to meet the demands of their customers.
Funded: The bank recommended they talk with Catalyst. We were able to get a factoring facility in place in a matter of days as well as finance the additional fuel tanks that were needed. This company has recently replaced their factoring facility with a conventional revolving line of credit at the bank that referred them to Catalyst.