US Capital Secures Term Loan for MZF-Bayer
US Capital Partners said it put in place a $915,000 term loan for Burlingame, CA-based MZF-Bayer.
“We are very pleased to have secured financing for this growing California-based automotive business,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “MZF-Bayer approached US Capital Partners initially to refinance a seller note for $500,000. US Capital Partners was able to refinance not only the seller note but also other high-cost debt at a low interest rate and longer amortization, thereby improving MZF-Bayer’s cash-flow and positioning the company for further growth.”
MZF-Bayer has nearly forty years of experience servicing, repairing and rebuilding best-in-class automotive transmissions. The company is an authorized agent of the German engineering company ZF Friedrichshafen AG and provides Mercedes Benz, BMW, Audi, Porsche, Land Rover and Jaguar transmissions built to factory specifications.
US Capital 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.