Enterprise Bank & Trust
65 Case Studies
A Enterprise Bank & Trust Case Study
Medical West, a medical retailer, faced challenges managing cash flow due to lengthening payment terms from its 250 vendors while simultaneously supporting rapid workforce growth of 15-20% annually. This created a significant operational balancing act for the company.
Enterprise Bank & Trust provided a solution through its treasury management services and a line of credit. Their team offered one-on-one training to ensure the customer's staff was comfortable using the online platform for accounts payable, receivable, and reporting. The high level of personalized service provided by Enterprise Bank & Trust gave the CEO peace of mind and was a key factor in him moving his personal accounts to the bank as well. This partnership allowed Medical West to effectively manage its expansion and cash flow constraints.