US Capital Partners Provides $500,000 to Paving Construction Firm
Private investment bank US Capital Partners, LLC announced it provided a $500,000 term loan for a Dallas-based provider of paving construction and repair services.
This growing company specializes in asphalt and concrete paving construction and repairs. The company provides street and parking lot paving for various Dallas area municipalities and private clients. The company’s services also include recycled paving and repair, asphalt overlays, sidewalk and curb repairs, and seal coat and striping.
Like many smaller businesses, the company was being hampered by a lack of sufficient working capital. In particular, it needed additional liquidity to pay off trade payables and current debt with other lenders. Businesses cannot run effectively without an adequate supply of working capital, and the company therefore approached US Capital Partners for assistance.
Following a careful analysis of the business and an appraisal of its collateral, US Capital Partners successfully provided a $500,000 equipment term loan for the company. This supplied the company with the working capital needed to pay down current debt and continue growing the business.
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 middle-market companies.