Aerospace Supply Chain Company Weathers Pandemic Storm
Our clients across Arizona are demonstrating remarkable resilience, innovation and creativity in this unusual time when COVID-19 has impacted all of our lives and businesses. Alliance Bank of Arizona has put together some of these incredible stories that reinforce how businesses can rise to new heights even amid exceptional challenges. We are inspired and we hope you will be, too.
As supply chain and distribution companies struggled to navigate through the impacts of COVID-19, one organization found its way thanks to strong partnerships with both its clients and its bank, Alliance Bank of Arizona.
Veterans Trading Company is a service-disabled, Veteran-owned small business and SBA-certified HUBZone company that is also the supply chain force behind major aerospace companies such as Lockheed Martin, The Boeing Company, Northrop Grumman and BAE Systems.
The supply chain company is built on one primary goal: to deliver the product a customer needs, to the location where it is needed, and at the precise time it is needed. It provides a full range of integrated, end-to-end supply chain solutions and procurement support programs to commercial firms and federal prime contractors.
But when COVID-19 started impacting communities, Veterans Trading Company hunkered down and started taking stock of its financial wellness to determine how best to weather the storm.
The company, which continuously delivers for its aerospace clients, was in a significantly better position than most of its competitors, according to Scott Roberts, Vice President of Finance for Veterans Trading Company. “Thankfully, our business model is created on a number of long-term contracts, but like everyone, we were still affected by COVID.”
Company leadership relied on their established banking relationship with Alliance Bank of Arizona to help manage these changing conditions. With mutual respect and a shared commitment to providing customers with the highest level of service, together they charted a course to help Veterans Trading Company fly through the chop.
As Veterans Trading Company continued to rely on its long-term contracts, the insights and creative solutions provided by Alliance Bank were critical in helping the company decide how to keep moving forward.
“We couldn’t weather the storm alone,” said Roberts. “Alliance Bank of Arizona continues to be a tremendous support to our business, especially in helping to walk us through the process of applying for a PPP loan.”
To learn more about the tailored solutions and exceptional service Alliance Bank provides, contact one of our experienced bankers at (602) 389-3500.
Alliance Bank of Arizona
Alliance Bank of Arizona, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2003, Alliance Bank of Arizona offers a full spectrum of tailored business banking solutions and outstanding service, with offices in Greater Phoenix, Tucson and Flagstaff. Alliance Bank of Arizona was named 2021 Lender Firm of the Year by NAIOP Arizona, among many other awards and recognitions. Alliance Bank is part of Western Alliance Bancorporation, which has more than $65 billion in assets and ranked #1 among top-performing large banks with assets greater than $50 billion in 2021 by both American Banker and Bank Director. As a regional bank with significant national capabilities, Alliance Bank of Arizona delivers the reach, resources and local market expertise that make a difference for customers.