To Whom It May Concern:
Recently my company needed money to bridge the gap while waiting on an SBA loan to come through. We needed $150,000 for equipment that was being sold from a company in Mexico that had to be paid in advance before they would ship the equipment. We also needed about $150,000 for working capital.
Being a start-up business combined with the changing financing environment, my options were limited. After speaking to several companies, I spoke with a representative of Matrix Business Capital. After initially working with one person for 3 weeks, it appeared my original objective would not come to fruition and so I called Brian Acosta and explained the challenge. He met me on a Saturday and became personally involved. We had a $33,000 good-faith deposit already with Matrix and Brian rebated the entire amount back into our bank account within just 4 business days until he was able to present a new option that could work.
About 1 week later, he contacted me as promised with a new proposal based on a structure that could work. The transaction was funded for $350,000 within 10 business days. They ended up collateralizing two pieces of equipment I owned free and clear that valued at about $700,000 and sent $150,000 to Mexico to get my machine delivered and also sent us $200,000 in working capital. The lease was structured with an option to pay off early without penalty, or there was an option to transition into a regular structure.
Brian Acosta and Matrix Business Capital did a fantastic job for me and my new business. They worked with me and wired me a refund as soon when they were not able to deliver the original proposed structure. Then they continued to work for me and find an option that would work, and got me the funding I needed. I will definitely be using Matrix in the future when additional financing needs arrive. As anyone knows who needs to get financing in this asset-based world, this option is not cheap, and we knew that going in. Having said that, Matrix performed quickly, efficiently, and got us the cash we needed quite promptly.
I am available to discuss further if needed. My direct # is (330) 353-2879.
President, Phoenix industries, LLC
To whom it may concern, Our Company Mac Rak Inc is a manufacture of Rack repair and protective guarding for any warehouse environment. We found that our business would greatly improve if we could take our powder coat paint process and bring it in house. We needed to improve our lead times and provide a quick ship program to our...Read More
To Whom It May Concern: Recently my company needed money to bridge the gap while waiting on an SBA loan to come through. We needed $150,000 for equipment that was being sold from a company in Mexico that had to be paid in advance before they would ship the equipment. We also needed about $150,000 for working capital. Being a start-up...Read More
Matrix/Ability contacted me back in 2011 offering me financial lending for working capital for business expansion, or lease/purchase funding for new equipment. I was very cautious and skeptical at first not wanting to be a victim of a scam. The team at Matrix/Ability put my mind at ease and I decided to give them a chance. The team contacted me on...Read More
To Whom It May Concern: I was in the process of opening a new dental practice and had the funding pulled out from under me due to some credit challenges that were in the process of being resolved. I was given the number to Brian Acosta at Matrix Capital, and without much hope of success due to my recent experience, I called him. Brian is a very...Read More
15 South Road, Brewer, Maine 04412 – SpringValleyWater.com To whom it may concern, I am in the water bottling industry. I worked with Matrix/Ability back in 2008, when they helped me finance $25,000 in water coolers. I had a good experience working with them and at the time my credit was perfect. In 2011, I tried working with another...Read More
Rodney Rambo and Erik McDonald at Matrix Business Capital MAKE IT HAPPEN! It takes other finance company’s days to do what Rodney and Erik make happen in hours. If you’re looking for World Class customer service and great teamwork, then look no further. They are great communicators, very attentive, hard working, and kept things moving...Read More
Living Naturally is the largest online natural health network in the world, providing online commerce and promotional systems to more than 3,000 natural health retailers and suppliers in North America. Living Naturally has been working with numerous leasing companies in the past, but found that Matrix Business Capital provided the best, most...Read More
I am a fuel distributor based in Waco, Texas. I needed a Passport point of sale system and signage for my gas station. The equipment enables me to take credit card payments when selling fuel. The system cost $23.000. Because my business has a highly diversified ownership, the finance companies that I had spoken to were unable to...Read More
To Whom It May Concern: October of 2013, Skyhigh Building Maintenance, were interested in purchasing a piece of equipment. The equipment was a 2006 Genie S-80 boom lift. At the time we had not heard of Matrix Business Capital. They were referred to us. Upon my dealings with Matrix, I found them to be responsive. If I had to leave...Read More
We had an excellent experience working with Matrix Business Capital. We worked with Erik McDonald and Rodney Rambo and they communicated throughout the entire process and kept us informed. We used multiple vendors on the transaction and they were very flexible in accommodating our needs. Our transaction went smoothly from beginning to end. We will...Read More
Matrix Business Capital allowed us to grow and expand our business by double by working with us to obtain the equipment and capital we needed to grow. They were very attentive to our needs, and a pleasure to work with. They helped us finance over 50k of studio equipment, and worked with our Vendors to make sure we were happy. We've been working...Read More
8/14/15 To Whom It May Concern: I am the executive director of Smooth Transition, Inc., a 7 year old, nonprofit 501(c) 3. Smooth Transition, Inc. serves to provide "at-risk" populations a path toward educational and employment opportunities thus enabling them to lead fulfilling, prosperous and purposeful lives. Our recent project was to...Read More
To Whom It May Concern, Matrix Business Capital was able to help us fund $535,000 on a Sale Leaseback transaction to get us operating capital. Our music theater company was founded in February 2011 by a group of nationally and internationally recognized creative visionaries passionate about producing the best in live theatrical and musical...Read More