Agriculture Tractor Sprayer Manufacturer - May 2018

W. Edwin Small

Location: Lubbock, Texas
Industry: Agriculture Tractor Sprayer Manufacturer
Revenue: $4 Million per year
Line of Credit: $1,000,000 Line of Credit
Collateral: Accounts Receivable, Work in Process, Inventory, Machinery & Equipment

The American Dream
Sterling Commercial Credit approved a $1,000,000 line of credit secured by Accounts Receivable, Inventory, and Equipment in November 2016. The initial funding included $200,000 in A/R, $100,000 Inventory, and $240,000 in equipment. The line of credit paid off a local lender ($500,000) and granted access to weekly cash flow and excess availability with a growth minded Entrepreneur.

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