Transparency is one of Parabilis’ three core client values. We have no hidden fees: in fact, we only have two costs – a fixed annual commitment fee and a fixed monthly interest rate. Both are designed to benefit our clients by allowing them to calculate exactly what they are paying.
This value became a winner for a woman-owned small business which lost a large contract and was out of compliance with a bank covenant. Quickly in need of a financial partner, they found Parabilis through an online search. Negotiations with other financial institutions were going nowhere, and working capital was starting to decrease rapidly.
Parabilis was able to help this company meet imminent payroll needs during a time of high stress. We developed a comprehensive cash flow forecast which demonstrated that a Parabilis line of credit would provide the company with the working capital needed to support their contracts. Working together, we got the firm back on its feet, and today the company is operating profitably and growing well.
This company’s CEO later told us that Parabilis became her trusted financial partner because of our transparency. Other lenders had quoted low teaser rates but hid expensive fees which could have bankrupted the company.
Here’s the bottom line: Parabilis can’t afford not to be transparent because creating a long-term financial partnership with our clients is the goal. We begin earning your trust from the very first phone call or meeting.
Contact us today to learn more.