Storeroom Solutions, Inc. (SSI) is an established company at the forefront of a new industry. Large industrial facilities are struggling to increase plant uptime and, thereby, increase asset productivity. Coupled with this issue is the shift to preventive maintenance (fix it before it breaks) from corrective maintenance (fix it after it breaks). SSI provides a comprehensive service to manage in-plant repair parts inventory, typically called Maintenance, Repair and Operating (MRO) supplies. SSI’s services include the procurement, receipt and issue of MRO supplies, as well as the inventory management and ownership of those supplies. SSI’s services have a direct effect on maintenance labor productivity and plant uptime, and by reducing the total cost of MRO inventory ownership .

In 2002, SSI’s bank sold a portion of its loan portfolio to another bank, which subsequently decided to terminate its credit dealings with certain smaller accounts. The credit markets in 2002/2003 were not accommodative for small, growing companies like SSI. The Company needed expert guidance to secure a replacement credit facility. SSI relied upon Source Capital, Ltd., which both found a new lender and increased SSI’s credit facility from $4.25 million to $6 million.

Since 1982, we have been helping growing companies expand their credit facilities to provide capital to support their growth, lower their weighted average cost of capital, and avoid premature ownership dilution. We have considerable experience with companies involved with transportation, warehousing and distribution, supply chain management and related information technology.