Daily News: July 24, 2012

Hennessey Capital Completes Four Transactions


Hennessey Capital announced it has closed four transactions totaling $1.25 million. The deals include:

  • a $250,000 accounts receivable supported facility for a distributor medical supplies. The financing will support new sales opportunities and was closed in May 2012.

  • a $250,000 accounts receivable supported facility for a producer of education/training manuals. The financing, which was closed in June 2012, will jump start new orders for the company.

  • a $250,000 accounts receivable supported facility for a quality control and part sorting business. The financing, closed in June 2012, will be used to finance the launch of a new business.

  • a $500,000 accounts receivable supported facility to an IT consulting company. The financing will be used to finance new orders with Fortune 100 clients and was closed in June 2012.

    Hennessey Capital provides a commitment to helping fund the working capital needs of growing companies through asset-based lines of credit and factoring of accounts receivable.