As a supplier to the medical, fire, and defense industries, Bobo Engineering* needed strong cashflow to cover machinery, inventory, and overhead costs. That's why Russell Bobo turned to Fora Financial.
The firm received large-scale contract awards for the fabrication of cable, wire harnesses, and electromechanical assemblies. Until the customer paid in full, Russell needed to manage expenses. Any funding he received also had to come quickly and with flexible repayment terms. He was impressed immediately by Fora Financial’s genuine understanding of his business's needs. "You need to make [funding] beneficial for both parties," says Russell. "Fora Financial did that."
After his first round of funding, Russell got four additional rounds, so he could take on projects without overhead worries. Says Bobo: "I hope we can continue our relationship with Fora Financial for years to come."
* Bobo Engineering merged with Global Special Effects in 2021.
I hope we can continue our relationship with Fora Financial for years to come.
Owner, Bobo Engineering, Arab, AL