BofA Business Capital Provides ABL to RCL Services Group
Bank of America Business Capital announced it provided a $65 million asset-based loan to RCL Services Group and affiliates. Proceeds will be used to support working capital.
RCL Services Group is a railroad signal construction and material integration company. Founded in 1994 and based in Benbrook, TX, the company offers design, construction and signal communication services for highway-rail grade crossing warning, wayside signal, automatic interlockings, centralized traffic control, commuter rail and defect detector systems. It also supplies equipment from firms in the signal and communications industries, and offers repair and replacement services for damaged equipment.