Jan 10th, 2017

Manufacturer

Quote: ”Our banks would only lend to us if we had assets to guarantee.  Seabury TFX helped turn our receivables into cash at better rates than factors.”

The Challenge:

A China based manufacturer exporting to major US retailers suffered cash flow constraints because of the average 60 day payment terms from customers.  Traditional banking channels are only willing to lend against collateral guarantees which the manufacturer did not have available. 

The Solution:

Seabury TFX helped explain the platform to the manufacturers customers and gain adoption from several of its customers.  The participation of the customers allowed the manufacturer to obtain better financing terms through Seabury TFX.

The Results:

The manufacturer was able to obtain participation with multiple customers.  This allowed them to reduce their DSO and improve on their cash conversion cycle.  The overall process also resulted in more accurate date certain payments from the participating customers.