Daily News: May 9, 2013

Business Capital Closes Powis Parker Multi-Tranche Facility

Business Capital structured and secured a $9 million financing package for Powis Parker, a manufacturer of professional desktop binding, photo-binding machines and consumable products. The multi-layered credit structure is a combination of accounts receivable, inventory, export/import, real estate and SBA facilities.

“We are so pleased to have delivered this complex financing for our client and allow them to achieve their goals for growth, said Chuck Doyle, managing director of Business Capital. “This was a particularly challenging deal because it involved many layers. Business Capital’s expertise and experience in multi-layered capital structures enabled us to understand the intricate nature of this client’s situation, structure several options to meet their needs and put them in a strong position to negotiate the best terms and conditions. Business Capital executed the transaction quickly and at an affordable cost of capital.”

Powis Parker is a pioneer and innovator in revolutionizing the bind-on-demand technology which is now used by government and many Fortune 500 companies. The new credit facility will allow the company to broaden marketing channels and further penetrate large corporations.

Richard Heaps, Powis Parker president & CEO commented, “Business Capital provided welcome strategic insight, leadership and focus that enabled Powis Parker to secure a cost effective financial solution in this fragmented lending market. The pricing and structure of the credit facilities will assist us in attaining our immediate and long term plan to grow the business.”

Business Capital is a commercial finance and debt restructuring firm.