The Business Challenge:
An innovator in the battery industry left the corporate world to focus on building batteries for varied industrial applications. Despite the ability to engineer and produce dependable, high-performance batteries, his fledgling company experienced growing pains common among start-ups. In need of working capital and unable to obtain traditional financing, they sought out a discount factor. The Aegis Team recognized the potential in the high-capacity, long lasting batteries the company was able to tailor for specific applications.

The Aegis Solution:
Aegis Business Credit helped the company refine its focus and provided a $500,000 factoring facility to fuel their growth. The company has utilized updated technology to extend battery life, taking advantage of evolving needs in today’s aviation industry. With improved profitability, the company is now able to qualify for traditional financing. The Aegis Team is proud to have been a partner in this company’s success.