Catalyst Business Funding provided an initial $1.25 million credit facility to a wholesaler of wheels & tires. Borrower was changing business model and was trying to move away from the retail space and act more as a wholesaler. Catalyst Business Funding collaborated with the borrower during underwriting to understand their strategy and their revenue outlook.
At the time they were averaging around $300,000 in monthly sales as a retailer. By using our capital they were able to ramp up inventory and generate more sales. Within 4 more months they were averaging more than $1.1 million a month and came back to us for additional funding to meet demand.
They have been a returning client for the past 2.5 years and in 2023 their top line revenue was more $25 million dollars.
Catalyst Business Funding provides access to capital to wholesalers and manufacturers for inventory, material purchase to meet the demand for their new project and contracts. Contact us to discuss your financing needs and learn how we can help you.