Working capital lines built around the operating cycle.
Most lines fail because they're sized to the balance sheet, not the cash conversion cycle. Here is how we structure facilities that flex with the realities of seasonal and project-based businesses.
A working capital line sized to a static balance sheet is a tool that fits the business once a year — at the audit. The other 364 days it is either too tight or sitting unused.
We size facilities to the cash conversion cycle. That means understanding how long inventory sits, how long receivables take to collect, and how long payables get stretched before the relationship suffers. A line that flexes against that picture is a line operators actually use.
Project-based businesses get a second layer: draw schedules tied to mobilization, progress billing, and retainage release. The structure is more complex on paper and simpler in practice — the money is there when the project needs it, not before, not after.