Successes

What success looks like.

Take a look at how we have helped other companies, and you will see how payables financing can help you too.

E-Commerce Company

“My supplier is offering an early-payment discount, but I don’t have enough cash on hand.”

Client: Florida-based online drapery retailer.
Situation: The company had an opportunity to earn a significant discount for paying their supplier early, but they didn’t have enough cash on hand to take advantage of the early payment terms.
Solution: Newbridge provided $5 million in payables funding.
Result: The company is thriving with improved margins and a supply chain financing solution from Newbridge that benefits both trading partners.

Global Snack Foods Manufacturer

“How can I finance the purchase of raw materials internationally?”

Client: A Latin American snack food manufacturer.
Situation: A large U.S. food and packaged goods customer began pushing out its payments to bolster its cash position. It was becoming commonplace for bigger, creditworthy customers to demand more generous payment terms from suppliers, crippling some of the manufacturer’s competitors. The manufacturer concluded they could not afford to lose the business but could not wait several months to be paid.
Solution: Newbridge provided a $2 million factoring facility to purchase invoices, so the company did not have to carry the receivables on its books.
Result: The increased cash flow enabled the company to manage its businesses effectively through better cash flow management while remaining competitive by offering extended payment terms.

Seafood Importer

“I’ve outgrown my P.O. Lender limits. Where can I find capital to keep growing and import inventory?”

Client: A seafood importer based in Florida.
Situation: The company was awarded a large contract to sell shrimp to a Florida retailer. The importer needed to balance maintaining sufficient stock levels between deliveries against holding expensive, perishable inventory for long periods. Additionally, the company had outgrown the size of its current P.O. financing facility after winning the new contract.
Solution: Newbridge provided $5 million in payables funding to purchase seafood from international suppliers.
Result: The company now has the funding to purchase seafood from all around the world, while leveraging the surety of payments to suppliers to obtain better pricing and more reliable shipping schedules.

Construction Company

“A tax lien killed our credit line. Where can I find financing to take on a new project?”

Client: A Texas-based construction company with $80 million in revenue.
Situation: The IRS filed a lien against the company and their bank reduced the company’s credit line. But the company had an order outstanding for $1 million in scaffolding to work on a new project. Without funding, they would have to cancel the scaffolding order and pass on the new project.
Solution: After entering into a subordination agreement with the IRS, Newbridge was able to fund the company’s scaffolding purchase under a payables program.
Result: The company now has resolved its tax issues with the IRS, has the materials to fulfill their work orders and continues to thrive.

Pharmaceutical Distributor

“We need to keep significant inventory on hand for clients, but we don’t have enough cash flow.”

Client: A New York-based pharmaceutical distribution company.
Situation: The company serves an important role in the healthcare supply chain, delivering medicines and other products to pharmacies, hospitals, nursing care facilities and other healthcare providers to keep their shelves stocked. The client needed to maintain a three-month supply of inventory on hand for each of its customers.
Solution: Newbridge provided $5 million in payables funding to support the growing business.
Result: The company was able to onboard three new customers, earning over $30 million of additional revenue. They are now able to provide customers with the medications and products that patients need.