Case Study: Interstate Industrial completes Tesla-linked expansion with a $1.75M term loan from National Business Capital

Interstate Industrial completes a $1.75M expansion with National Business Capital

Interstate Industrial, a Texas battery recycling manufacturer, faced an unexpected $1 million environmental compliance cost during the construction of a facility for a major joint venture with Tesla. This surprise expense threatened to halt the project just as it neared completion, creating a critical working capital gap. The company’s financial advisor brought in National Business Capital to secure a flexible term loan that could bridge this timing issue.

National Business Capital provided a $1.75 million term loan featuring a payment ramp aligned with the business's cash flow projections. This solution allowed construction to finish on schedule without strain. As a result, Interstate Industrial successfully commenced its Tesla contract, enabling the company to grow its annual revenue from $11 million to $23 million.

Interstate Industrial