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Zolon Tech
Herndon, VA

Problem

When Zolon Tech, a leading IT solutions provider for software engineering and systems integration company, was awarded a major contract by the Department of State, it created an urgent need to open a new facility and staff it within a 90 day timeframe.

Solution

Ram Mattapalli, president of Zolon Tech, knew he needed to find a fast, reliable financing partner. He was introduced to Larry McGinnis with Butler Capital by their lender, Wells Fargo Bank.

Butler Capital was able to approve a $120,000 line of credit for Zolon Tech within days. With one approval, Zolon Tech was able to build out the entire new 10,000 sq. ft. facility with everything needed to get their offices and workstations up and running, including desks, chairs, computers, telephones, copiers and printers. Although the purchases came from a variety of different vendors, all invoices were paid through the Butler Capital line of credit. There was no need to waste critical time completing applications for credit with each vendor.

Zolon Tech's facility was staffed and operational for the new contract with days to spare.

"Without this timely help from Larry McGinnis and Butler Capital, we would not have been able to execute this contract." said Ram Mattapalli. "We will definitely come back to Butler when new contracts require us to ramp up quickly."