Third Coast Commercial Capital Closed Accounts Receivable Line Increases for Three of Their Customers Recently.

We closed and funded an increase an accounts receivable line of credit in January of this year bringing our customer from availability of $5.0MM to $7.0MM.  Our customer, a pipeline construction company in TX has landed a significant contract for new business and needed greater access to their working capital.  This increase will allow them to take on new work, all while continuing to provide their customers with the quality, safety and superior customer service that they expect!

TCCC also approved an increase on an accounts receivable facility from $5.0MM to $10.0MM to a TX supplier of pipe, casings, and tubing. This injection of cash into their business allows them to meet the demands for their growing business.  It also helps them to leverage their invoices to fund the purchasing of greater inventory levels than they could previously. This enhanced inventory gives them the ability to meet the ever-increasing demands of their customers.

The third increase completed recently to a regional supplier of industrial chemicals will help them ramp up production and offer a wider range of products to their clients.  As the industrial sector continues to evolve, having access to additional funds will give them a competitive advantage and help them stay ahead of the curve!

We are very proud to continue to support these businesses and play a role in their success!

These investments showcase our commitment to empowering businesses and driving economic growth.  By providing flexible and efficient financial solutions, we assist our customers to seize opportunities, expand their operations, and achieve their goals.  As we continue to partner with diverse industries and businesses, we look forward to making positive impact and contributing to a thriving economy!