Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Scroll to top

Financing the growth of a commercial painting and drywall company

Accounts Receivable Line of Credit
Contact Us Today
Painting white wall gray with roller

Situation

In business for less than one year, this early-stage company provides commercial painting and drywall services for a variety of homebuilders across the southeastern United States. The company quickly earned a reputation for providing quality service in a timely manner. As the company added new customers, the owner realized he needed a working capital line of credit to support the growth. With less than a year in operation, the owner was unable to secure a traditional bank line of credit.

Solution

Despite the company’s limited operating history, Magnolia understood the value of their Accounts Receivable and extended them a $500,000 working capital line of credit within 24 hours of receiving the financial information. Instead of potentially turning away new purchase orders because of a lack of cash flow, the owner now has the working capital needed to finance the growth. The company now expects to be “bankable” within 12-18 months.

A Breath of Fresh Air

The Magnolia guys have a real ‘can do’ attitude. Marc Smith and his team are super responsive and upbeat. They can fund within a matter of days. They are always looking for positive opportunities for their clients. It’s a breath of fresh air to work with someone like that.

– Kerry Coker, Kamado Joe
View Customer Stories
Talk to a Loan Services expert.
Apply now for a solution that fits your needs, or contact us to speak with an expert directly.
Your company
Tell us your name
How can we contact you?
How much money do you need?
Share:

Explore More Case Studies

Person fabricating steel by welding
Leveraging quality Accounts Receivable for a specialty metal fabricator

Formed in 2017, this small business provides specialty metal fabrication and other welding services to a variety of customers across North and South Carolina.
Flatbed truck carrying construction equipment
Building capacity for operational growth for a construction equipment distributor

Headquartered in South Carolina, this distributor of refurbished construction tools and equipment sells to a variety of customers throughout the United States and Canada.
Grocery aisle with freezers containing frozen foods
Extending the cash flow of a frozen foods distributor

This North Carolina based company sells locally sourced frozen fruits and smoothie kits to a variety of customers across the United States.
Healthcare professional using tablet in hospital setting
Solving a cash flow crunch for a healthcare IT staffing company

Formed in 2020, this growing staffing company places IT workers with a variety of healthcare systems across the United States.