JPaulJones (JPJ) develops, manufactures and distributes unique consumer products.
The company sells to retail outlets including big-box stores (Target, Walmart, etc.) and direct-sales channels like QVC. These large, high-credit accounts required larger and larger orders, and bank loans weren’t an option.
Factoring with Evergreen Working Capital allowed the business to ease its cash flow crunch and keep all of the equity in the company.
With the help of Evergreen, JPJ was able to get the cash flow they needed to expand their customer base and keep their business growing.