Tennessee based company was founded in 1893. It is a leading value-added producer of coated cloth covering materials. The Company’s products provide protection and security for books and other published materials as well as packaging and industrial products. The company serves a diverse, global customer base across a variety of end markets including publishing companies, bookbinders, government passport contractors and major industrial consumer brand companies. Due to its reputation for producing high quality products, the Company holds the distinction of being the sole supplier of U.S. passport covers for over 20 years.
ExWorks Capital has provided the company with working capital financing to support its liquidity need while meeting the timing requirements of all parties involved.
“ExWorks Capital was able to step in and provide a senior capital loan in a time sensitive note sale process. From the time of introduction to closing the transaction took 17 days to fund. With this quick turnaround, new ownership was able to step in and allow management to continue successful uninterrupted operations.” stated Matt Stanley, Managing Director of ExWorks Capital.
ExWorks Capital provides domestic, import and export trade financing offering financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s offerings include:
- Bridge Financing – ExWorks can provide short-term financing to fulfill existing company needs between $500,000 and $25,000,000.
- Domestic, Export, and Import Financing – ExWorks can purchase or finance export/import/domestic goods to provide additional liquidity when selling both domestically and overseas between $500,000 and $25,000,000.
- Working Capital Financing – ExWorks can provide financing on both Domestic and International Receivables and Inventory, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.