Many types of businesses need some form of financing, whether to start up operations or grow their footprint. Merchant wholesalers commonly have complex financing needs given the way they do business, which is by manufacturing, shipping and distributing bulk orders.
TRUaire is no exception. The company, which makes parts for residential and commercial HVAC systems, wanted to grow, but first needed to find wholesaler financing to make the effort possible. That's when the business started working with Comerica Bank.
A deep and beneficial relationship
Yongki Yi, one-half of the founding partners behind TRUaire, talked to us about his experiences with Comerica Bank and the successes they've achieved together.
At the heart of the story is the relationship between TRUaire and its Comerica Bank relationship banker. Not only has TRUaire been satisfied with the financing solutions delivered by Comerica Bank, but also the hands-on help provided to help them improve management and infrastructure.
"Often, I don't even need to tell Comerica Bank what I'm feeling; they already know and have developed strategies to help us grow and perform," Yongki says.
Download our case study "The Real-Life Advantages of Wholesale Financing" to learn more about TRUaire's growth and the support Comerica Bank was able to lend.
Have questions about how your own business can benefit from working with the Leading Bank for Business1? Just reach out today.
This information is provided for general awareness purposes only and is not intended to be relied upon as legal or compliance advice for your business
This article is provided for informational purposes only. While the information contained within has been compiled from source[s] which are believed to be reliable and accurate, Comerica Bank does not guarantee its accuracy. Consequently, it should not be considered a comprehensive statement on any matter nor be relied upon as such.
1Comerica ranks first nationally among U.S. bank holding companies with greater than $70B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of December 31, 2024. Data provided by S&P Global Market Intelligence.
