Success Story< back

Receivables Outsourcing, Inc.
Timonium, MD

Problem

With the collections business booming because of the economy, Joe Pipkin, CFO of Receivables Outsourcing, Inc. needed a way to increase the efficiency of the company's call center.

Solution

Joe learned that an automated dialer system, a sophisticated method of queuing up calls, offered the efficiencies he was looking for. Cost of the equipment: $240,000.

Rather than tie up his company's capital or bank lines to finance such a large amount, Joe turned to Butler Capital. Receivables Outsourcing, Inc. had been financing equipment with Butler Capital since 2000. Joe knew that the previous transactions had gone smoothly and that Butler was very responsive to his company's financial needs. Plus, Butler is a local lender, and that was important to him.

After discussing Butler's financing options and the benefits of a lease vs. a loan with his Butler representative, Joe decided that leasing the equipment made the most sense for his company. Within weeks the equipment was purchased, installed and operational.

"Butler Capital helped Receivables Outsourcing, Inc. greatly increase our efficiencies when we needed it most," said Joe Pipkin. "We're very happy with the ease of this transaction and absolutely will continue to do business with Butler in the future."