This designer and manufacturer of precision semiconductor products showed us an expanding pipeline of new business. But its bank said the company needed a redesign of its financial profile of operating losses, extreme customer concentration, no LOC and a CRE loan with a blanket lien on all assets. Marble Bridge implemented a financial redesign by:
- Working with the bank to put in place an Intercreditor agreement for an A/R revolver, allowing the bank to stay in first lien position on certain assets.
- Working with the company to lower its cost line based on monthly volume which, in turn, made growth financing not just feasible but attractive.
- Implementing a broadened solution utilizing both Marble Bridge’s traditional A/R lending and venture/uncollateralized lending products to fund further growth.
Marble Bridge continues to design and supply a new financial profile the way the company designs and supplies new technology products. The result is substantial growth — in revenue, profitability and valuation.