US Capital Provides Credit Line for Digital Media Company
US Capital Partners has provided a $2.5 million A/R line of credit for a privately owned digital media and marketing firm in Australia.
In the fast-growing digital media and technology sector, Australia is experiencing an explosion of demand for content and applications, as consumers continue to seek out “smart experiences” in the most affordable and immediate ways.
The company, which forms part of a global group of digital media and marketing businesses, has been expanding rapidly and needed a more suitable financing structure to support its ongoing growth.
“We are thrilled to have structured and provided a $2.5 million line of credit for this Australian digital media business,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “It is generally challenging for most lenders in the United States to refinance a company located in Australia, let alone a service business abroad. US Capital Partners was able to leverage the receivables of the company to provide optimal, well-structured refinancing that meets the client’s strategic needs. We are very pleased with the result.”