January 9, 2014
New line of credit provides working capital for manufacturer of aluminum products, signs, and electronic message centers
KCP Advisory Group (KCP), a provider of financial advisory, corporate restructuring and business performance improvement services, is pleased to announce that it has secured a new line of credit for a family owned and operated manufacturer of electronic signs, awnings and other aluminum products. This new financing provides the necessary working capital support for the company to continue to serve its customers and improve its operations.
With over 30 years in the business of manufacturing and wholesaling signs, awnings and aluminum products, this company has built a reputation as an industry innovator. The market recession had impacted their traditional business lines, and diversification of product offerings caused a drain on resources leading to challenges with creditors. To assist with their growth and improvement plans, the management team engaged KCP. After careful analysis of the company’s operations and financial standing, KCP facilitated settlements with creditors and identified a source for securing a new line of credit to fund the company’s initiatives.
“In today’s economy, it’s essential that all companies find and pursue new ways of staying competitive,” comments KCP Managing Director, Chris Creutz. “This new line of credit, along with streamlining the company’s operations, significantly improves its balance sheet and provides the necessary means for the company to continue to stay at the top of its game.”
Amy Denton Harris and B. Michael Bachman, Jr. of Stichter Riedel Blain & Prosser P.A. served as counsel for the company.