SITUATION
In 2004, Pain Consultants of Atlanta, LLC (“PCA”), a leading pain management medical services firm, was in the process of negotiating a buy-out from their parent company. PCA saw an opportunity to grow by opening a new clinic in Atlanta, Georgia, but was unsure about expanding prior to the completion of their buy-out. The management team determined that they needed to secure interim financing in order to move forward with the expansion.
SOLUTION: The Numbers Coach Leadership Services
PCA engaged the Numbers Coach (“NC”) to assist them in securing interim financing that would allow the company to continue on their growth path without requiring a large capital infusion. They also needed to structure the financing in a manner that conserved cash flow during a crucial buy-out transition period.
RESULTS
NC helped PCA to obtain approximately $300,000 of short-term lease/purchase financing from several different financial partners. This enabled PCA to continue its expansion during the interim period before the actual buy-out occurred.