| | Success Story | | | Situation: Customer needed a new computer system, costing $330,000; including a substantial amount of specialized software, stock software, new hardware, control and security systems and soft costs such as integration into existing environment. The project involved multiple vendors, each with varied delivery times and progress payment requirements.
In order to realize substantial vendor discounts, the customer needed the deal structured to satisfy their internal accounting requirements, submitted, approved, documented and initial funding in less than 7 business days. Further complicating the situation, the customer required the lease documentation to be negotiated and approved by legal counsel.
ABC Response: To fulfill stringent time requirements American Business Capital worked closely with both our customer and key vendors throughout the transaction process. Multiple departments within ABC worked simultaneously to process the approval, verify the equipment and vendor and customize documentation to fit the customer’s requirements. Strategic planning and technology utilization, including our use of email friendly documents, enabled us to move from documenting to funding the deal in less than 24 hours.
ABC structured a system lease that provided:
 | Customized documentation acceptable to customer’s legal and accounting requirements | | Interim fundings for vendor progress payments | | Interest only payments over 5 month installation period | | Fixed rate payment for 60 month lease term after final installation and customer acceptance |
Call us today for more information! We look forward to helping you grow your business. | | | | |  | Contact Us | | American Business Capital, LLC.
3835 Presidential Pkwy., Ste.120
Atlanta, GA 30340
Office (770) 986-0246
(800) 449-3014
Fax (770) 986-9553
info@ambizcap.com | | | |
