Daily News: November 28, 2012

US Capital Partners Provides $1.5 Million to Seesmart


US Capital Partners, LLC has put in place a scalable $1.5 million accounts receivable line of credit for Seesmart, Inc., headquartered in Simi Valley, CA.

“Seesmart’s growth over the last several years has been tremendous and our team works tirelessly to maintain that growth,” said Kenneth Ames, CEO at Seesmart. “To support our ongoing expansion, US Capital Partners successfully arranged a $1.5 million accounts receivable line of credit for us. We are very pleased with this financing.”

“We are delighted to have secured scalable financing for Seesmart,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “Without sufficient working capital, Seesmart was unable to meet strong increased demand for its high-quality, energy-efficient LED lighting products, and was incurring additional costs in order to meet current customer deadlines. With this $1.5 million line of credit secured by US Capital Partners, the company is now growing faster and has significantly reduced its operating costs.”

Seesmart develops and manufactures its own collection of LED lighting products, which are designed to produce immediate energy savings and accommodate existing infrastructure.

US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle-market companies.