Daily News: April 24, 2012

US Capital Partners Arranges $2 Million Facility for Morgan Drexen


US Capital Partners, LLC acted as lead arranger in a $2 million accounts receivable line of credit for Morgan Drexen, Inc., headquartered in Costa Mesa, CA.

“We approached US Capital Partners to place a scalable line of credit to support the company’s growing working capital needs,” said Walter Ledda, CEO at Morgan Drexen. “US Capital Partners successfully arranged a $2 million accounts receivable line of credit for us, which will support our ongoing expansion. We are very pleased with the result.”

“We are delighted to have secured this financing for Morgan Drexen,” said Jeffrey Sweeney, CEO and managing director of US Capital Partners. “US Capital Partners looks at every aspect of a business to design optimal and custom financing solutions for all its clients. Often, we are able to increase availability through the discovery of credit enhancers and ways to mitigate credit risks.”

Morgan Drexen provides integrated support systems to U.S. law firms by providing paralegal and automated administrative support. The firm provides a wide range of legal support services in diverse areas that include personal bankruptcy, debt settlement, personal injury, and mass tort litigation.

US Capital Partners is a private investment bank, direct lender, co-lender and lead financial arranger that specializes in business loans and equity financing for small to lower middle-market companies.