Daily News: June 4, 2013

US Capital Provides Term Loan for Orient Direct

US Capital Partners provided an $850,000 term loan for Orient Direct, (ODI), headquartered in Mountain View, CA. ODI approached US Capital to place a term loan facility to support the company’s rising working capital needs, build inventory to meet increased customer orders and implement new marketing initiatives. US Capital Partners provided ODI with the financing needed to support its ongoing expansion.

“We are very pleased to have successfully financed this innovative California-based electronics design and development firm,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “ODI needed additional working capital to support its current and future needs and to increase inventory. US Capital Partners has provided almost $1 million in working and growth capital for this expanding Silicon Valley business.”

ODI offers cutting-edge, turnkey electronics product engineering, design and production, especially in the audio, video and voice conferencing space.