Cornerstone Business Credit Funds $2MM LOC for IT Company 

Written By Dana Ruth

Cornerstone Business Credit funded a $2 million line of credit for an IT company. 

The company’s banking relationship was impacted by a seasonal drop in billings, causing its line to be out-of-formula. Despite getting back within formula and attaining sales growth and profitability, the bank deemed it necessary to exit the credit.

Cornerstone Business Credit responded with a receivable-based line of credit to pay the bank out in full and provide additional working capital. 

Dana Ruth
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