KDM Engineering
CLIENT INDUSTRY
Engineering
WEBSITE
TERM LOAN SOLUTION
Working Capital
FACTOR SOLUTION
Payroll
“Working with the Breakout team has been a life saver for our firm. They stepped in recently to provide working capital to keep us going during uncertainty with the banks. The process is straightforward, and the customer service is above par. I’m looking forward to our relationship continuing to grow.”
Kimberly Moore, President & Founder | KDM Engineering
COMPANY
KDM Engineering, founded by a visionary entrepreneur, has been a driving force in the engineering services industry, particularly in the late 2010s. The company's rapid growth can be attributed to its commitment to providing high-quality engineering solutions for a diverse range of clients across various sectors. In the early years, KDM Engineering developed a strong reputation for its expertise, professionalism, and innovative approach, which led to an impressive expansion and a robust client base.
CHALLENGE
As KDM Engineering continued to grow, they faced unforeseen challenges in the past 18 months, which included navigating a turbulent employment market and grappling with the ongoing impact of the pandemic on their business operations. These hurdles not only affected their ability to retain and hire talent but also exposed significant risks to their financial stability.
SOLUTION
Recognizing KDM Engineering's immediate need for working capital, Breakout developed a tailored financial solution. By combining a working capital term loan with a factoring facility, KDM Engineering received the necessary funding to cover essential expenses and maintain operational efficiency. This innovative financial arrangement allowed KDM Engineering to leverage the advantages of both financing options. The term loan provided a lump sum to address immediate capital needs, while the factoring facility ensured a steady cash flow by unlocking funds tied up in unpaid invoices. This powerful combination of financial tools enabled KDM Engineering to overcome their challenges and set the stage for future growth.
RESULT
With the newly secured credit facility, KDM Engineering is now poised to scale their business, expand their workforce, and broaden their service offerings. The company's plans include hiring more employees to meet increasing demand and extending its reach into growing areas across the country that require expert engineering services. Through this strategic expansion, KDM Engineering aims to strengthen its position as an industry leader while continuing to deliver outstanding service and innovative solutions to clients nationwide.
