Case Study: StingRay Parts Washers expands international business and simplifies banking with Enterprise Bank & Trust

StingRay Parts Washers reduces 120-day payment delays with Enterprise Bank & Trust

StingRay Parts Washers, a U.S. manufacturer of heavy-duty industrial cleaning equipment, faced challenges related to long payment lead times and the complexities of international finance. As a small business with large, global customers, they needed a banking partner with extensive international experience to help manage their financial needs. They partnered with Enterprise Bank & Trust for its global services.

Enterprise Bank & Trust provided solutions including sweep accounts for fraud prevention and bank guarantees to increase vendor confidence. Their responsive international team efficiently handled wire transfers across time zones. Enterprise also secured Missouri Historic Tax Credits for the client, lowering personal investment into the business. This partnership saved StingRay time, reduced worry, and allowed them to focus on customer expansion abroad.

StingRay Parts Washers