Daily News: February 18, 2014

Diamond Provides Credit Line to Security Services Provider

Diamond Business Credit announced that it recently funded a $100,000 line of credit to a company that provides specialized professional security services.

Given the start-up nature of the business and the rapid growth model, traditional bank financing was not a current option. A flexible and expandable asset-based line of credit was the right financial tool to grow the enterprise.

With the help of a knowledgeable intermediary, Diamond Business Credit was contacted and, within 24 hours of receiving the completed loan application, the deal was approved. Due diligence and funding followed within a week.

The principal’s experience and tenure in the industry combined with the current market need for high-end specialized security services made this the right time to make the transition from employee to entrepreneur.