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Fedco Wholesale Flooring LLC

Fedco Wholesale Flooring

“I have received unrealistic expectations from other banks, but not at WPCU. They take the time to work with you so it works for both parties. WPCU does whatever they can for you.”

Nick Federici, Owner
Fedco Holdings Ltd.

Challenge:

As a small business owner with long-term inventory and receivables, Nick was focused on growing his company and bottom line. Yet time after time, he found that traditional banks did not understand his business model, causing his company to stall in growth and opportunity. For years, he was unable to compete on certain services. That all changed when he switched to Wright-Patt Credit Union.

WPCU Solution:

WPCU gathered his debt and helped with a lower rate, allowing Nick to save time and money. Lee, his Member Business Services representative, was able to offer Nick more flexibility to completely consolidate multiple loans into one term loan, with a line of credit that allowed him to bring more inventory in house. Nick was even able to structure the loan how he wanted, which helped reduce his monthly payment. Lee went above and beyond to give Nick a solid foundation on which to build his capabilities and his business.  

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