Success Stories
How We've Helped Our Partners
HVAC Startup
Client Background
- Two-month-old startup HVAC service company
- Ownership had extensive experience and a good reputation in the industry
- Strong commercial debtor base
- Personal credit strength
Client Limitations
- Obtained several large contracts
- Contracts required hiring temporary laborers
- No working capital to begin the jobs
AIM Solutions
- Approved a $200,000 factoring facility
- Approved based on current debtor base and accounts receivable spread
- Strength of guarantors
This company has been with AIM Business Capital for more than three years, and has been approached by several banks with offers of bank financing. However, they are satisfied with the excellent service and flexibility that AIM offers and declined the bank offers. In addition, AIM has been able to increase the business' facility to $400,000.
Industrial Clothing and Safety Supplier
Client Background
- Three-year-old distributor of industrial clothing and safety supplies
- Large debtor base
- High-volume, small ticket items
- Poor operational processes
- Bank wanted pay-down of existing credit facility
Client Limitations
- Receivables were aging out
- No credit requirements for new accounts
- Customers were not being invoiced
- Inventory was increasing
- Questionable accounting practices were in place
- Company was not profitable
AIM Solutions
- Implemented weekly collection call process
- Set up new account credit applications
- Researched credit strength of large accounts
- Improved operational processes
- Helped manage the invoice and payment process
As a result of AIM Business Capital's expert guidance, this company was able to open two additional distribution areas and return to profitability.
Oil & Gas Service Company
Client Background
- Oil & gas service company
- Specialized in underwater pipe-testing and repairs
- Credit line provided by small, regional bank
- Slow-paying clientele base typical for the industry
Client Limitations
- Needed to grow staff
- Rejected by bank for higher credit line
- Fast-approaching payroll
AIM Solutions
- Verified all invoices in a single day
- Funded the company before payroll deadline
- Doubled the company's revenue by funding their growth opportunity
As a result of AIM's quick response and funding, this company that was void of capital to fund their growth opportunity in specialized underwater pipeline-testing and repair. AIM helped them through their stage of growth and continues to be their financial partner today.
Valet Service
Client Background
- Six-year-old valet service company
- Slow-paying clientele base, typical for the industry
- Poor credit approval processes
- Needed increased cash flow to take on more business
Client Limitations
- Need of opportunities for new business
- Increasing weekly payroll liabilities
- Losses due to business closures
- Past-due tax liabilities
AIM Solutions
- Gave company a competitive edge with financing facility
- Provided in-depth credit research prior to any start-up work on new business
- Ongoing credit approval and monitoring service
- Collection support