Walter E. Allen, a Navy veteran, started Acumen Building Enterprise in 1994 to help pay for graduate school. That small one-person consulting firm became a corporation in 2002. Acumen now has 40 employees and works with major transit agencies across the country to provide transit and transportation infrastructure development coupled with strategic technology solutions designed to expand urban mobility and accessibility.
In 2016, Acumen needed a loan to support its cash flow and business growth. “Our biggest expense is payroll, and the loan allowed us to manage our cash flow while we wait for invoices to process,” explains Walter. “The timing of the loan was critical, and the infusion of capital kept us going.”
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