Flexibility Helps IT Company Through Pandemic
March 8, 2021
March 8, 2021 – Brett Kahl of Lynxsystems, based out of Kirkland, Washington, talked to us about what Forward’s professionalism and flexibility meant to him during the pandemic.
Why did you look for capital?
Lynxsystems provides IT solutions to commercial properties – our product automates building controls. Since I founded the company, I contributed a lot of the capital to get it started. To get our technology to the next level and be eligible for venture capital funding, I needed additional capital.
Why did you choose Forward Financing?
I don’t have an extensive credit history, so I appreciated that Forward put together an offer that was more than reasonable. Other offers I received required much higher rates and were not a good fit for our business.
How did COVID-19 impact your business?
One of our main contracts for the year shut down. Forward reduced the payments and worked with me to get back on track. It was a tough time for our business, and I appreciated how they took the pressure off of worrying about how I would pay the balance until our business was in a more stable position.
What was it like working with Forward Financing?
Forward was very professional, and when things come up, they say “let’s work this out together.” They worked with me to find a solution that works for us.
What do you love about Forward Financing?
Everyone I work with is very professional and treated me well. Forward’s flexibility helped us get to the finish line of where we want our business to go.
The company recently won the CEDIA Award for Best Innovative System for their system installed in the DelDotto Winery in Napa, California.