Introducing CNC Precision Machine
CNC Precision Machine, based in Parkman, Ohio, manufactures high-quality hydraulic fittings for the aerospace, transportation, and machinery industries. To support their growing demand and maintain operational efficiency, the company needed a reliable financing partner to provide working capital tied to its receivables.
Company Size
51 – 200
Location
Ohio
Industry
Manufacturing
The Problem
CNC Precision machine needed to secure a flexible credit solution to unlock liquidity from accounts receivable to support inventory needs and day-to-day operations, positioning the business for continued growth without the restrictions of traditional financing.
The Solution
TAB Bank was the perfect non-traditional banking fit to help find CNC Precision Machine the best financing solution for the company’s goals. This factoring line of credit boosted cash flow to fund inventory purchases and daily operations without sacrificing capital or flexibility. TAB Bank designed a scalable solution designed to grow alongside CNC Precision Machine.
Improved Cash Flow
Turned receivables into immediate working capital to support operations, inventory, and payroll.
Operational Flexibility
Enables rapid response to changing production demands and custom orders.
Scalable Financing
Provides a facility designed to expand alongside CNC Precision Machine’s growth strategy.
Growth-Centered Partnership
Delivers personalized support and financial resources to help CNC Precision Machine scale with confidence.
“Everyone on the TAB bank team took personal interest in our account and wanted to ensure that our transition went smoothly.
“I’ve closed similar loans in the past, but my TAB Bank experience has been, by far, the best. Natasha, our underwriter, was always available and kept the process rolling where others would have let it stall. Also, I love the small bank attention and service we’ve gotten from our Relationship Manager, LilyAnn. This is the banking team that we’ve been looking for!”
-Marc Karyo, CFO of CNC Precision Machine
