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KLC Financial Restructures $1.8MM of Debt for Local Manufacturer

August 24, 2016, 07:03 AM
Related: KLC Financial

KLC Financial announced the restructuring of debt for a local manufacturing company.

A full service plastic injection molding company with over 30 years of experience was in need of a significant equipment debt refinance. They were referred to KLC through a local asset-based lender that was currently handling their receivables. The company had gone through a few challenges due to the expansion of two locations, a delay in the launch of a large new customer program and an international plant move. This caused their profitability to be down and their bank to pull in the reigns on their financing relationship.

KLC was able to come in and restructure $1.8MM of debt, freeing up $200K in annual cash flow for the business. The ownership team’s execution of their new strategic plan along with KLC extension of financing gave the company what they needed to continue to be successful. The company has had a fantastic 2015 and an even better 2016 and we are proud to call them our client.

KLC is a Minnesota based company with a strong reputation for providing custom equipment leasing and financing solutions.  KLC has established strategic programs with a host of banks, equipment vendors and other equipment finance companies nationwide.  This has resulted in client relationships generating consistent growth in equipment lease and finance agreements annually.  While continuing to build volume profitably, KLC is committed to establishing solid, long-term relationships with clients, investing partners and referral sources.

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