Daily News: January 23, 2012

Hennessey Capital Provides $1.5 Million in Three Transactions


Hennessey Capital announced it provided $1.5 million in three transactions in December 2011.

Hennessey Capital provided a $750,000 factoring facility to a LED lighting provider. The financing helped fund news sales growth.

Hennessey also closed a $250,000 factoring facility to an epoxy manufacturer. The facility was used to support staff payroll and purchase production materials.

Hennessey Capital funded a $500,000 asset-based line of credit to a steel wholesaler. Proceeds were used to provide additional working capital for the company’s growth.

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