Xynergy Commercial Capital (XCC) has helped Commercial Businesses

Xynergy Commercial Capital (XCC) has helped commercial businesses bring cash flow forward to grow or even to survive. In a recent transaction a wholesale jewelry manufacturer was growing way beyond his capital resources. Additionally to complicate matters more, he gave his customers up to 120 days to pay. Commercial lenders and factors ran from the opportunity to provide financial resources as the payment terms were way beyond “lending” guidelines. Through aggressive underwriting and risk management XCC entered into a factoring agreement with this business. One thing that XCC specializes in is recognizing “normal.” What do we mean by that? When we examined the usual payment profile of the debtors, we saw that although the payments came in 120- 150 days, we saw that such payments were predictably on time and the invoices were paid in full. Additionally the jeweler carried credit insurance on every customer he has so protracted default or debtor insolvency were mitigated. Business practices were examined and overall, our underwriting showed strong personal assets by the owners and quite extensive experience in this line of business. Sometimes the lending industry’s hard and fast rules can be up for discussion if such discussion makes sense and safety features can be intelligently applied to the transaction.