Where: Fallon, Nevada
Problem: A small business owner needed financing to purchase inventory and fulfill backorders.
Solution: RCAC extended a $150,000 line of credit to help the business serve its customers and retain jobs.

Last year, the west coast port strike delayed inventory delivery to Adamsbuilt Fishing LLC, a fishing supply company in Fallon, Nevada. The strike meant ocean shipping containers filled with the company’s inventory sat near ports in Los Angeles. The company primarily sells products wholesale to retailers, but it also has an online store. Customers continued to place new product orders not knowing about the strike. Inventory on hand couldn’t fill the incoming orders, which created a back-order logjam for the business. The company did manage to find another supplier for some of the needed inventory, but it also meant that they had to pay a second time for the equipment they were selling.

RCAC worked with business owner and president Mont Adams to help the company weather its “cash flow storm.” Mr. Adams contacted RCAC’s Loan Fund to renew his 12-month line of credit and increased the commitment amount from $100,000 to $150,000 with collateral based on the company’s inventory. Adamsbuilt continues to generate new sales and utilize RCAC funding to purchase inventory.

After the longshoremen’s strike ended, the company cleared up the remaining back order issues.

“We started our business last March with a loan from RCAC collateralized by our inventory. Without the loan extension and increase from RCAC we would not be in business today. No other lending institution (including the Small Business Administration) would even consider helping us without another form of collateral,” Adams said.

RCAC’s loan ensured that Adamsbuilt stayed in business, provided service to its customers and retained three jobs.