FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Diamond Business Credit Funds Credit Line to Robotics Manufacturer

August 20, 2015, 07:08 AM
Filed Under: Manufacturing

Diamond Business Credit announced that it recently funded a $200,000 line of credit to a manufacturer of specialty robotics in the medical field. The company had experienced recent losses and accumulated a deficit net worth as it retooled for a new product offering.  Due to the dispersed ownership structure, personal guarantees were not available. By any measure, this was a tough “non-bankable’ transaction. 







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.