View a sample of asset-based lending solutions that Webster Busines Credit provided for our clients.
“Webster gave us all the resources we needed to reach our peak."
Cooley Group designs and manufactures high-performance coated fabrics for applications ranging from roofing and awnings to outdoor advertising and liquid containment membrances. Headquartered in Pawtucket, RI and with manufacturing facilities across the US, Cooley Group markets and distributes its products worldwide and also works with international partners to develop customer solutions.
"With our Webster team, we've improved cash flow from more competitive interest rates, extended the amortization schedule on our long term debt, and secured a captial expenditure credit line to expand globally. Webster gave us all the resources we needed to reach our peak," says Daniel Dwight, Cooley Group President and CEO.
Berkshire Blanket was founded in 1993 with one product, an exceptionally soft blanket that founder Rick Lotuff gave to a friend. Since then the company has grown dramatically and is now the largest designer and importer of consumer blankets in the United States. They operate in all channels of distribution and with all the key US retailers.
Dick Horner, CFO of Berkshire Blanket tells us why they switched to Webster, “We had prior lender issues and new company management, Webster showed a clear understanding of our business and a very good understanding of the retail distribution business”.
In fact, Webster Business Credit is one of the few lenders who specialize in lending to the retail sector. With approximately 21% of our portfolio concentrated in the retail industry we have the experienced personnel from the ground up who understand the issues and challenges your company may face.
Since 2009 the level of service from Webster has been “excellent, with daily contact and issues quickly resolved”. The difference at Webster? “Much better service, partnership attitude” explains Horner, “Everyone is service focused and easy to deal with, looking forward to a long and successful partnership”.
See why we have earned our reputation as a leading provider to the middle market and the retail industry.
Dick Horner, CFO, Berkshire Blankets