Daily News: February 4, 2013

CBC Provides $10MM ABL Revolver to Burns & Roe


Capital Business Credit (CBC) said it provided a $10 million revolving asset-based loan facility to Burns & Roe Group, an engineering services company.

“As a non-bank lender, we are able to work with a company like Burns & Roe and customize a solution to meet their specific needs,” said Marc Adelson, president and chief executive officer, Capital Business Credit.

“We were in search of a lender who understood our business, our company strategy and could provide us with the flexibility we needed to operate in the current economic climate,” said Russell F. Smith, Jr., senior vice president and chief financial officer, Burns & Roe. “Capital Business Credit was not only able to quickly provide us with a financial solution, they were extremely customized in their approach which will position us for future growth.”