Challenge: A pipeline inspection staffing company located in Kansas saw rapid growth in revenue after being awarded a large contract with a global customer. Due to the company’s financial history, the bank was unable to increase their traditional line of credit to keep up with their growing needs. This project was a stepping stone to other major projects, which led to continued, rapid growth.
Funded: Catalyst saw that the company had a substantial history in the industry, good invoice documentation, and low concentration. Because of these things, Catalyst was able to pay off the bank and provide the additional funds to keep up with the growing demand, including $3.0MM to pay for a new facility. Ultimately the company was able to get back to the traditional line of credit after their historical financials supported a larger line of credit.