Daily News: March 1, 2013

Business Capital Provides Close to $20MM in Financing Solutions

Business Capital provided close to $20 million in financing and restructuring solutions for new clients during the first part of 2013.

A few recently closed financing transactions include a $1.5 million asset-based line of credit for a manufacturer and distributor of industrial aluminum and plastic products throughout Asia and the U.S.; a $500,000 asset-based line of credit to a transportation services company that is part of a larger industrial metal fabrication and powder coating company; and a $500,000 asset-based line of credit to an aggregate supplier and construction trucking company.

“Each of our clients has a unique and often complex set of circumstances and challenges. In each case, we quickly develop an understanding of the situation and work with our funding partners to structure an optimal financing solution that is customized to meet their needs.” said Chuck Doyle, managing director of Business Capital.

Business Capital is a national commercial finance and debt restructuring firm specializing in business loans and creditor work-outs for small to middle-market commercial and industrial companies.