ExWorks Capital announced it provided $3 million in working capital financing to a professional services company. This Virginia based company specializes in IT services as well as consulting. The company's customer base includes federal government agencies and commercial customers. After more than fifteen years in operation, this company experienced significant growth on top of its baseline existing business.
ExWorks Capital provided the company with working capital financing in order to support its current client base and projected growth.
"ExWorks Capital was able to move rapidly to provide the company with a financing solution to increase liquidity that will allow it to service growth with existing clients and add jobs which in turn will grow revenues and profitability," stated Luke LaHaie, Associate Director at ExWorks Capital.
ExWorks Capital is a domestic; import, export, and trade finance company that offers financing solutions to businesses utilizing its own capital as well as by leveraging its Delegated Authority granted by both the SBA and ExIm Bank. The fund specializes in providing capital to companies experiencing rapid growth and expansion.