US Capital Partners Arranges Facility for Model Home Interiors
US Capital Partners, LLC has arranged a $500,000 credit facility for Model Home Interiors, Inc., headquartered in Elkridge, MD. US Capital Partners served as lead arranger in the financing.
“We approached US Capital Partners to place a scalable line of credit to support our growing working capital needs,” said Vince Florenzo, CEO at Model Home Interiors. “US Capital Partners has arranged a $500,000 accounts receivable line of credit for us, which will be used primarily to support the company’s ongoing expansion. We are delighted to have secured this facility.”
“Commercial banks have pulled out of the construction industry, and are declining businesses even with good financial performance,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “At US Capital Partners, we examine transactions on a case-by-case basis. This allows us to fund transactions that are outside the ‘bankable box.’ Through US Capital Partners’ collateral report on Model Home Interiors, we were able to highlight the receivables eligible for financing. We are extremely pleased to have secured this facility for the company.”
Model Home Interiors, Inc. offers a wide range of design services, which include residential models such as single family homes, townhomes, condos and apartments, as well as public and commercial spaces.
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.