Overview

A manufacturer of semiconductors, took on immense debt in order to expand their business enterprise. The company needed extra working capital to expand their business and increase production to fulfill new orders.

Client:
Jarguar
Industry:
Manufacturer
Services:
Semiconductors

Challenge

Jarguar took on immense debt in order to fulfill a number of large orders they had for semiconductors, and other parts. The company didn’t have enough capital on hand. They borrowed expensive merchant cash advances in order to fulfill their order.

Due to delays in getting paid by their clients, their income was disrupted. They then took additional merchant cash advances to pay back their previous merchant cash advances.

This resulted in immense financial burdens.

Solution

The company worked with Lawscape, and consulted us in order to get financial management assistance. We reached out to their lenders, and discussed ways to negotiate and settle their debt.

Results

Thanks to Lawscape, the company was able to settle its debts. It’s payments switched from a daily payment into a monthly payment, in addition to having a reduction in its principle. Thanks to our aggressive debt settlement / negotiation practices, we were able to get amazing results for our client.