Financing Success Stories

Leasing Success Story
A doctor in Denver, CO initially came to us to lease a laser for her medical practice. The revenues from this equipment encouraged her to open a second location – a cosmetic medical spa. She consulted with our team on this venture and decided to lease five pieces of equipment necessary for the new location.

The benefits of leasing far outweighed a conventional bank loan or an outright purchase in this situation. By leasing her equipment we were able to provide her the equipment at the time of her business opening. This lease was structured so her first payment was scheduled six months from the opening of her new practice. Leasing the equipment enabled the business to actually generate revenue prior to making any payments.

With increasing revenues in both locations, our client has been extremely successful and is thrilled that our capital really supercharged her practice.

Working Capital
Our new funding client came to us as a start-up company. He had tremendous growth potential, but no access to working capital needed for recruitment, sales expenses, and payroll. Meritus provided the working capital and freedom needed to exponentially grow this company from zero to $7.2 million annual run rate within the first year. With an unlimited capital line and excellent customer service, this company continues to use our finance solutions.

Outside The Box Solutions
Our new staffing client signed our agreement immediately before Hurricane Katrina struck. In dealing with the aftermath of Hurricane Katrina, they faced numerous funding and customer service challenges. This company was desperately in need of an expeditious funding solution that included a significant degree of flexibility on our part. With a resourceful and agile team of professionals, Meritus worked through the challenges of doing business during this time. Our team funded the company with an “outside the box” solution enabling the payroll/financial and customer service obligations to be fulfilled despite Hurricane Katrina’s upheaval.

Growth & Security
After suffering several financial setbacks including a sharp downturn in revenue, seasonal cycles, and poor credit decisions, our new client returned to normal operations after acquiring our financial services. Meritus facilitated the growth of this company back to over $5 million per year. As a result of the exceptional customer service and financial resources we provided, this company experiences consistent growth and security regardless of seasonal staffing requirements.

Merger & Acquisition Success Stories

Asset Acquisition
Our client, one of the largest staffing companies in the US, was interested in acquiring the assets of a major regional competitor who was in bankruptcy. Our client had no previous experience in buying a company out of bankruptcy. Meritus was engaged to assist with the acquisition. We developed a 2 prong strategy: (i) maintain close personal working relationships with the work-out professionals and (ii) perform the due diligence before the company was even up for auction, as a result of which we were better prepared than the competition when the company was being auctioned. Our client succeeded in winning the auction and acquired the company through a Section 363 sale.

Recapitalization
Our client, the majority owner of a major West Coast-based staffing firm, engaged Meritus to advise in recapitalizing the firm and buying out minority shareholders. After reviewing proposals from private equity partners, mezzanine lenders and other sources, we recommended a plan and funding source to our client. As a result, our client succeeded in his goal to be the 100% owner of the firm.

Targeted Acquisitions
Our client won a new ‘on-site’ service program in a major US metro area but had no existing offices. After reviewing the options of organic growth versus acquisitions, we recommended our client acquire a mid-sized company to effectively service the client. Using a targeted direct marketing program to find “not for sale” companies, we created interest, fine tuned a list of potential candidates, and our client ended up purchasing a $10Million company in just over 2 months.