US Capital Partners Arranges $7.75MM Facility for Butler-Johnson
US Capital Partners, LLC (USCP) has secured a $7.75 million credit facility for Butler-Johnson Corporation (BJC), headquartered in San Jose, CA. US Capital Partners served as lead arranger in the financing.
“We approached US Capital Partners to refinance an existing line of credit, as well as to provide additional working capital to support expansion,” said Rolston Johnson, CEO of BJC. “US Capital Partners successfully arranged a $7 million line of credit for us, as well as a $750,000 new term loan to fund further growth. We are extremely pleased with the result.”
“Smaller businesses often find themselves locked in inappropriate financing structures,” said Jeffrey Sweeney, CEO and managing director of US Capital Partners. “US Capital Partners helped refinance BJC’s accounts receivable and inventory line of credit facility and increased its accounts receivable and inventory line of credit availability to support BJC’s ongoing expansion. We are delighted to have assisted this established California-based distributor.”
Established in 1960, Butler-Johnson Corporation is a wholesale distributor of branded flooring, countertops, tile, natural stone, and other interior surfacing products. The company sells primarily to retailers, small manufacturers, and fabricators in the northern California and northwestern Nevada region from its facilities in Sacramento and San Jose.
US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in business loans for small- to middle-market companies.