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Diamond Business Credit Funds Credit Line to Video Equipment Manufacturer

March 04, 2016, 06:42 AM
Filed Under: Manufacturing


Diamond Business Credit announced that it recently funded a $500,000 line of credit to a mid-Atlantic manufacturer of video surveillance equipment. The company experienced losses as it retooled for a product upgrade. The good news was that the company was beginning to ship a significant backlog to large creditworthy customers and was executing on a reasonable turnaround plan.  Diamond’s credit line arrived just in time for the company to make timely delivery on its backlog, avoid employee layoffs and continue on its turnaround trajectory.







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