Business Details
33 Years
experience
Trusted Working Capital Solutions for Growing Businesses
Prairie Business Credit has been providing working capital solutions to growing businesses since 1993. Founded by Trevor Morgan after 20 years in traditional lending, our family-run company specializes in helping businesses access immediate cash through invoice factoring and purchase order financing. As a private company, we offer personalized attention and rapid evaluation of cash flow needs, serving clients coast to coast from our Chicago base.Our success is measured by our clients' ability to transition to bank financing or self-funding, with nearly 70% achieving this goal. We combine deep industry expertise with a commitment to understanding each client's unique challenges, having supported businesses through economic downturns and growth phases for three decades.
Services
Invoice Factoring
Purchase Order Financing
Accounts Receivable Financing
Cash Flow Solutions
Working Capital Consulting
Details
- Year established: 1993
Highlights and features
- 30 years of experience in alternative business financing since 1993
- Family-run business with personalized service and rapid decision-making
- Private company structure enabling flexible, client-focused solutions
- Coast-to-coast service with local market understanding
- Proven track record graduating 70% of clients to traditional financing
What people say
Provided critical cash during growth phase
Understood manufacturing industry needs
Helped rebuild business after downturn
Flexible solutions for concentrated receivables
Bridge to traditional bank financing
Services
Invoice Factoring
Convert outstanding invoices into immediate working capital through accounts receivable financing. This service eliminates cash flow gaps caused by slow-paying customers, allowing businesses to meet operational needs immediately. Our factoring solutions provide immediate cash while we manage collections, improving both liquidity and administrative efficiency.
Purchase Order Financing
Secure funding to fulfill large purchase orders without existing capital. This service enables businesses to accept major opportunities by financing the costs of materials and production. We provide the necessary working capital to execute orders while maintaining your company's ownership structure and control.
Cash Flow Solutions
Implement tailored strategies to bridge cash flow gaps between expenses and receivables. Our solutions help businesses maintain steady operations during growth phases or economic downturns. These customized financial approaches ensure consistent cash availability for ongoing business needs and expansion opportunities.
Accounts Receivable Financing
Leverage your company's receivables for immediate cash flow through our specialized financing programs. This service provides liquidity while maintaining customer payment relationships. We offer flexible terms that adapt to your business's specific invoicing and collection patterns.
Working Capital Consulting
Receive expert guidance on optimizing cash flow and financial strategies for business growth. Our consulting services combine financing solutions with operational advice to improve financial health. We help businesses develop sustainable practices for long-term success and potential transition to traditional financing.
People
Trevor Morgan
Founder & CEO
Trevor Morgan founded Prairie Business Credit in 1993 after 20 years in banking and finance. A Kellogg School graduate, he specializes in alternative business financing solutions. With naval service experience and three decades in capital provision, he focuses on helping entrepreneurs maintain business control while accessing working capital.
Dylan Morgan
Executive Vice President
Dylan Morgan leads client strategy development with 20 years of experience in business finance. Holding advanced engineering degrees, he combines technical analysis with practical business understanding. As the founder's son, he brings generational perspective to helping entrepreneurs solve financial challenges while maintaining business ownership.
Ron Diversey
Senior Vice President & Chief Credit Officer
Ron Diversey oversees credit operations with over 20 years at Prairie Business Credit. Starting during his business degree studies, he has managed hundreds of client relationships. His comprehensive understanding of operational aspects helps businesses navigate working capital needs while progressing toward traditional financing options.
Questions
What is invoice factoring?
Invoice factoring converts accounts receivables into immediate cash by purchasing your outstanding invoices at a discount.
How does purchase order financing work?
We fund the costs of fulfilling large purchase orders, enabling businesses to accept big opportunities without upfront capital.
Who benefits most from your services?
Growing businesses facing cash flow gaps due to slow receivables or sudden growth opportunities benefit most from our solutions.
What industries do you serve?
We work with diverse industries including manufacturing, energy conservation, security systems, and precision machining.
How quickly can I get funding?
Our streamlined process typically provides working capital within five days of application approval.
Do you require minimum credit scores?
We focus on business cash flow potential rather than strict credit score requirements for most financing solutions.