As the world has returned to in-person events, companies that support these events are experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts.

The company’s factoring firm, despite having strong confidence in the company’s
growth prospects, could not fully support the client’s capital needs at their current asset advance rates, so they approached NBC about a solution for the client.

Eight days after receiving the company’s application, NBC extended $1MM in Sub Debt to support the client’s growth needs, subordinating its position to that of the factoring company. The partnership enabled the factoring company to retain and satisfy a long-time client while supporting their client’s future growth.