Challenge
Dealing with Delays
“What [Libertas] does is provide us capital for projects that don’t start when anticipated; they get delayed either through design, through the city permit process or some other reason that’s beyond our control, we can maintain our commitments to our customers without being crippled in terms of cash flow.
[The Libertas team] has been incredible, we’re straight up with them and they’re straight up with us. The relationship has been more than transactional.”
Solution
Revised Payment Schedule
“On March 17th 2020, we were deemed non-essential by the Health Department, the County, and the Governor. . . we had to keep our [employees] and were still using cash. We had an agreement with Libertas and this [situation] is why they [continue to] have our business; we got the [Libertas team] on the phone and [explained the situation], they revised the payment schedule for 60 days because for 60 days, we couldn’t go to work.”
Outcome
A partnership for growth.
“[Libertas] bridged us to the beginning of a project as we’d hoped it would. It got us to the point of starting a project and getting paid versus waiting and not getting paid. Because of our relationship with [Libertas] we’ve been able to take on bigger projects.”
Get Started
Find the funding you need at the speed of business.