Palo Alto, CA Jan 10, 2017 – Payplant announced today that it recently closed a $300K financing deal for a Chicago area specialty manufacturing company to allows them to fabricate pre-ordered machinery while offering terms to their customers. “This deal gives us a competitive advantage over other companies in our space because while they still require 100% payment upfront, we extend credit and allow our customers to pay over time to build the machinery” noted the CEO of the new Payplant client. As always, Payplant is extremely excited to expand our customer base into a new and exciting industry.
Payplant provides growth financing for entrepreneurs, by entrepreneurs. Its Pay Me NowTM digital invoice-financing service provides cash to businesses when their customers pay too slowly. Payplant helps businesses with PO and Invoice Financing, Asset Based Lending, Term Loans and Customer Financing products. Payplant works with companies that don’t currently qualify for traditional bank financing, have grown too quickly for their current lender or are at the point in their evolution where an influx of working capital can elevate their business to achieve rapid growth. Payplant delivers fast and reliable funding, at very attractive rates and is completely on demand. For more information, visit www.payplant.com.