Blueprint CFO helped secure a $5 million credit line and fixed 18 months of accounting errors for this aerospace manufacturing company.

BACKGROUND

A successful aerospace manufacturing company approached a regional bank for a $5 million line of credit to fund their growth and expansion, but the bank declined the application. They didn’t give the company the “no” because of business performance, but rather, because the company hadn’t closed its books for the previous year and was six months behind on financial reporting. The firm called up Blueprint CFO to see if our rockstar team of accountants and fractional CFOs could assist.

OBSTACLES TO SUCCESS

The company’s accounting team was overwhelmed, to say the least. Without accurate or timely financial data, the company’s executive team couldn’t act strategically, and the bank couldn’t move forward with its application. The firm’s CPA quoted them over $20,000 to clean up the books, but even that wouldn’t solve the deeper issue: a lack of future-focused financial leadership.

OUR APPROACH

As the manufacturing firm’s profitability partner, Blueprint CFO stepped in to provide timely, strategic support. Our rockstar team completed the clean-up for less than half the CPA’s quote, saving the company over $10,000. In the process, we uncovered 18 months of unrecorded credit card spending. This was a major oversight that had previously gone unnoticed. Our team corrected the records, closed the books, and delivered accurate, lender-ready financials, securing the loan as a result and priming the company for future opportunities.

RESULTS

  • Secured a $5 million line of credit to fund growth
  • Saved over $10,000 in accounting clean-up costs
  • Identified and corrected 18 months of reporting errors
  • Restored lender confidence through accurate financials
  • Strengthened internal systems for ongoing reporting
  • Repositioned accounting as a strategic growth tool

Would a bank say yes to your financials today? If not, it may be time to partner with Blueprint CFO.

Blueprint CFO is a future-focused fractional CFO service. Partnering with entrepreneurial companies to guide and support them on their road to success, Blueprint CFO equips clients with the Profitability Roadmap® they need to grow.

If you’re looking for a strategic partner to help you improve profitability and build a stronger financial foundation, contact us at www.blueprintcfo.com/contact.