The Business Challenge:
A company that serves property managers in making vacant apartment units ready for new tenants needed additional working capital to take advantage of explosive market growth. The company built its business as a single source service provider of cleaning, painting and refurbishing services by developing a technology enabled platform to manage, schedule and track services. The increasing demand for rental units coupled with stronger economic conditions created rapid growth in the marketplace. When their bank was unable to respond in a timely manner, the company turned to Aegis. The Aegis Team quickly developed a customized solution for the business owners.
The Aegis Solution:
Aegis Business Credit structured a $750,000 Revolving Line of Credit to provide the company with essential working capital. Now, this innovative service provider can meet the strong demand for tenant-ready apartment rental units and continue to expand their geographical market share.