Manufacturing Organization

This manufacturing company is a leader in metal components and assemblies. With stay-at-home orders in all of their locations, they saw an almost-immediate decline in sales of more than 80% when the shutdown hit.

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This company applied for government relief via the SBA Paycheck Protection Program but the timing on receiving those funds was a concern. They have over $1.5 million available on their credit line but are concerned about the likely drop in availability due to the huge drop in sales.

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With only one of their direct customers still in operation during the crisis, they furloughed 65-employees in the United States and more than double that in Mexico.

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We were able to step in and offer a significant reduction of payments for the coming 90-days. The savings this customer has received from our CRP program will help them weather this storm.

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*These case studies are provided for informational purposes.  The names of the customers and the specific details of their business and situation have been withheld.  Qualification for CapTech’s COVID-19 Relief Program is subject to review and approval by CapTech and its underwriters.