THE CLIENT

Timing, as they say, is everything. Take, for example, this electronics business in Massachusetts – it was founded in the early 1970s and grew right along with the ever-expanding need for electronics products and services. Today, the company manufactures a wide range of products ¬– like high-quality cable assemblies, wire harnesses, box build, and fiber optic assemblies – for a variety of industrial, medical, and military clients.

Maintaining continuous growth for so many years takes planning and foresight – and part of that, especially in a business like electronics, means staying on top of evolving technology and equipment and ahead of your competition. That takes funding… and sometimes, it takes funding fast.

THE CLIENT’S CHALLENGE

The business owners realized that to keep up with orders and maintain the superior quality, performance, and value the manufacturing company has always been known for, they had to acquire new equipment – including a MegaStrip 9680, an Automatic Cut & Strip Machine, from a long time Apex vendor partner.

As you might expect, high-caliber cutting-edge machinery like this isn’t inexpensive, and it takes time to get it in house and set up after it’s been ordered. And, of course, before they could order it, the business needed equipment financing – and they needed it fast.

THE APEX COMMERCIAL CAPITAL SOLUTION

$212,975 Equipment Financing • Fast approval • Extended term

When the manufacturing business met with the supplier about acquiring the new machine, the vendor immediately recommended that the business contact Apex Commercial Capital.  Apex and the vendor have a longstanding relationship – Apex Commercial Capital has experience funding similar transactions.

Apex Commercial Capital quickly approved the financing and offered a generous 72-month term, to assist the customers’ monthly cash flow. Plus, because of the existing relationship between Apex Commercial Capital and the manufacturer, Apex was able to work with the vendor on their downpayment requirements.

FINAL RESULTS

Throughout the loan process, the business owners received personalized one-on-one support from their Apex Commercial Capital Account Executive. The quick approval helped the company get the machinery in house in an extremely short time frame. And the existing relationship between Apex and the vendor helped the business secure business-friendly financing.

With equipment financing from Apex Commercial Capital, the company could purchase the new machinery and increase production. In fact, the state-of-the-art equipment made the entire manufacturing process easier and more streamlined.

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