Tool manufacturer supplying parts to SpaceX

July 2020 - Orange Commercial Credit provided a $1,500,000 factoring facility to a tool manufacturer, allowing them to deliver mission-critical parts for SpaceX’s advanced rockets and spacecraft so that the May 2020 launch was not delayed.

Client: For several years this third generation family tool manufacturer has been providing parts to SpaceX, a company which designs, manufactures and launches advanced rockets and spacecraft.

Situation: In a positive move, SpaceX had recently ramped up orders and sales were increasing. However, the aerospace company required net 60 day terms, which left the family-owned business cash constrained and struggling to fulfill purchase orders. In addition, their bank line was exhausted. In search of alternative funding, their equipment funding broker referred them to factoring with OCC.

Solution: “Initially, we had to clear a few hurdles,” said Tina Cawthorn, OCC's business development manager. “We convinced their bank and another lender to subordinate on the accounts receivable, but with bankers, lenders and debtor all working from home during the pandemic, that process took a few extra days. Despite these additional challenges, within a week of our introductory call, we were able to set them up with a $1.5M factoring facility and fund their first batch of invoices.”

Results: Thanks to OCC’s funding within 24 hours of invoicing, the client is able to fulfill purchase orders faster and keep SpaceX supplied with mission-critical parts. They are proud to have contributed to the history-making May 30th space launch by SpaceX and NASA, the first manned mission since 2011.

In addition, the steady cash flow has enabled them to add two additional large aerospace and defense contractors/customers to their factoring setup.

factoring facility

Los Angeles Intermodal Transportation Company

December 21, 2017 - Orange Commercial Credit provided a $100,000 factoring facility to an intermodal transportation company. The financing will provide working capital to take on new growth opportunities.

Based in Los Angeles, CA, the intermodel company acquired a new customer but required an immediate cash infusion to meet increased expenses. Unfortunately, the company’s existing lender was unwilling to lend against the new accounts receivable which resulted in a cash-flow squeeze.

“Drawing on our experience of financing hundreds of trucking companies, we were able to quickly approve the new customer for credit,” said Todd Waller, OCC national sales director. “Without cash flow constraints or credit limits restricting their potential, the company is growing their business successfully.”

The company now has the cash flow they need to handle the increased business as well as whatever load capacity comes their way from existing or new customer relationships.

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Here’s Why
credit is
The best
Factoring Company
For Your

Here’s Why orange commercial credit is The
best Factoring Company
For Your Business

Here’s Why orange commercial credit is The
best Factoring Company For Your Business

No other factoring company matches our level of superior service and offerings.

“Top Notch”

OCC helped me a great deal in getting started with my company. I was not sure exactly what to do or what to expect with a factoring company. Initially I had considered a few factoring choices and Tina my sales rep always answered every question in a timely manner. As a business owner it is imperative to have open communication and OCC is top notch in handling all my needs. I highly recommend this factoring company because of their professionalism and their dependability. I have referred clients to OCC because of this.”

VXR Auto Transport