Case Study: Newhouse Project Consulting
BIPOC-owned NPC is a boutique firm that provides organizational management services and has grown tremendously since it was founded in 2015.
Tiffany Newhouse
CEO, Newhouse Project Consulting
“What resonated with us [about Founders First Capital Partners] is that you’re intentional about not just providing the money, but helping the business grow. It’s a true partnership.”
THE PROBLEM
The BIPOC-owned consulting firm was growing very quickly and looking to secure an influx of capital without giving up equity. NPC had been able to grow year-over-year without taking on any debt, aside from one small loan when first starting out. The company was not able to secure financing from their financial institution even though NPC had a long-standing relationship with them. NPC decided to seek out alternative ways to bridge the cash flow gap that existed because of a large, slow-paying customer and invest in additional business development to diversify the client base.
THE SOLUTION
NPC’s accelerated growth necessitated an infusion of cash which Founders First Capital Partners was able to meet quickly. Founders First and NPC initially connected through member networking opportunities at Women Presidents Organization. NPC decided to move forward with debt financing with Founders First because both companies were aligned on goals, values and intentions.
THE END RESULT
Since Founders First invested via a term loan in the firm, NPC is on the path to continue their accelerated growth track. The firm is projecting 2023 revenues to be two times the previous year. The company is looking toward:
Improving liquidity
Continuing business development efforts
Diversifying its client base
WHAT THIS MEANS FOR YOU
Term loans are a good fit if your consulting business if it meets the following:
- Profitable, break-even or on the clear path to profitability
- Recurring or predictable revenues or repeatable customer contracts
- Seeking $50,000 to $2 million in growth capital
ABOUT THE COMPANY
Newhouse Project Consulting (NPC) is a boutique consulting firm, headquartered in the San Francisco Bay Area, focused on providing a range of organizational management consulting services in various industries. Our core competence lies in our ability to successfully lead organizations through Transformational Change – with three key focus areas: Organization Development, Change Management & Adoption, and Technology Solutions.
