International Aerospace Diagnostics
Manufacturing
Industry
90-Day Payment DeferralandPayment Reduction
CRP Benefits
October 2018
Customer Since
Company Overview
Like many other companies, this manufacturing facility took an immediate hit when the global crisis hit. A highly-technical company, they manufacture turbine components for customers across the world. Their operations are cost and labor-intensive. And with many fixed costs, they needed to preserve liquidity and cash flow in a hurry. They reached out to us to see if we could offer some relief. Their primary manufacturing location is in Mexico, and a federal mandate required full-closure for two weeks, followed by mandatory staffing of 30% for the immediate future.
This company has contracts in the aerospace industry, and its earnings outlook for 2020 is down by approximately $23 million. However, the full impact is unknown.
*These case studies are provided for informational purposes. The names of the customers and the specific details of their business and situation have been withheld. Qualification for Mazuma’s COVID-19 Relief Program is subject to review and approval by Mazuma and its underwriters.