US Capital Partners Provides $5MM to Imaging Solutions Company
US Capital Partners provided a $1 million accounts receivable line of credit and a $4 million term loan for an acquirer of imaging technology solutions companies in North America.
“This expanding Ohio-based business, which was aiming to make further strategic acquisitions, was seeking funding to refinance its existing debt and to support its current and future working capital and growth capital needs,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “We are extremely pleased to have successfully structured and provided a $5 million credit facility for this company, which consisted of an accounts receivable line of credit and an expansive growth-capital term loan.”
“At US Capital Partners, we look at every aspect of a business and design an optimal and custom financing solution for our client quickly and efficiently,” added Charles Towle, director at US Capital Partners. “In this case, we put together a financing package that allowed the Company to keep growing while servicing its existing debt. This allowed the company to continue taking full advantage of upcoming strategic growth opportunities in its sector.”
The Ohio-based business acquires and integrates well-managed office and wide-format imaging technology solutions companies that are leaders in their local markets across North America. The company’s three main business lines include printing equipment maintenance and service, printer equipment leasing with third-party financing and sales of printers, scanners, copiers and other imaging equipment.
US Capital Partners provides financing solutions including lending, equity financing and debt re-structuring to businesses.