WIP Financing for Ambulance Re-manufacturing and Sales Company

Work in Process (WIP) Funding

This five-year-old business in the Midwest specializes in remounting, reconditioning, and selling ambulances for healthcare companies. Their 20,000 square foot facility is a one-stop shop for their clients. The owner launched the company with firsthand knowledge of the wear and tear of ambulances; he has 30 years of experience in the industry.
The company was given a purchase order from one of the largest medical transportation companies in the U.S., who serves more 2,100 communities coast to coast. The order is for the remounting ambulance chassis supplied by the customer.
The typical transaction cycle for the company is up to 45 days per unit. Leland has provided an ongoing WIP funding line of credit for this and future orders.

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