Carlisle Bakery, found itself at a crossroads when it needed new equipment and assistance in managing its growing expenses. John Bogonis, the bakery's founder, initially navigated the challenges of a startup successfully for about a year. However, as the bakery's fortunes soared, so did its operational costs, including payroll, taxes, and insurance. Additionally, crucial equipment upgrades, such as a much-needed walk-in freezer, became necessary.
John recognized the need for working capital to provide some breathing room for Carlisle Bakery. However, being a new business, the prospects of obtaining a bank loan were slim. It was in this situation that John received a mailing from Fora Financial, sparking his interest in exploring their offer of quick and accessible financing.
How Fora Financial Helped
John decided to give Fora Financial's financing solutions a try, and the experience exceeded his expectations. He was pleasantly surprised by the quality of customer service and the flexibility offered in their capital solutions.
With the funding obtained from Fora Financial, Carlisle Bakery was able to make essential purchases, including the much-needed walk-in freezer. As a result, the bakery now faces the future with anticipation and confidence. John acknowledges the pivotal role played by Fora Financial, stating, "We couldn't do it without the help of Fora Financial. Its people are just tremendous."
This case study highlights the value of accessible and flexible financing solutions, particularly for startups and growing businesses like Carlisle Bakery. Fora Financial's support not only addressed their immediate challenges but also positioned the bakery for continued growth and efficiency.
Why Fora Financial
Why They Chose Fora:
Accessible Financing: Fora Financial's offer of quick and easy financing was a practical solution that appealed to the business’s immediate needs.
Exceptional Customer Service: The positive customer experience reinforced the business’s decision to choose Fora Financial as a financing partner.
Flexibility: Fora Financial's flexible capital solutions allowed the business to tailor their financing to address their specific requirements, including acquiring crucial equipment.