SHORT-TERM LIFELINE FOR LONG-TERM SUCCESS: A/R FACTORING
Facing imminent financial distress and unable to secure traditional bank loans, ENC sought a rapid solution to its cash flow challenges.
“I needed cash real quick – I’m talking days, not weeks or months,” says Robert S. Kheir, Principal, Interim CFO, ENC.
Jonathan Brindley and his team swiftly presented a factoring solution, providing ENC with essential working capital within days.
Over 70 fundings totaling $2.4M were secured, averting closure and facilitating a turnaround.
“Jonathan and his team factored ENC’s accounts receivable, ensuring our survival,” adds Kheir.
Beyond financing, A/R factoring relieved ENC of collection burdens and enabled focus on core operations.
“Once you run those numbers, the value proposition makes much more sense,” concludes Kheir.
With renewed stability, ENC was successfully acquired within a year, marking a remarkable turnaround.
“Jonathan Brindley and his team’s services provided the breathing room required to underpin the company’s future growth. When the big banks couldn’t help—his team was there,” says Kheir.
