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Dr. Daniel Lee

Many small growing businesses face the issue of maintaining a positive cash flow to offset high outstanding receivables. This was the challenge that Dr. Daniel Lee Founder of N-PSY-T Psychological Services, a provider of mental health services to schools and community-based orgainizations faced in 2009. With some of his contracts delaying pament for up to 90 days, Dr. Lee turned to PIDC for help and found assistance through the Contract Line of Credit program.  The program is designed specifically to assist businesses like N-PSY-T that have secured public sector contracts and need help staying cashflow positive.  With PIDC's Contract Line of Credit, N-PSY-T was abler to renew existing contracts and take on new contracts that otherwise would not have been possible.