United Capital Funding provided a $4.5 million credit facility to a Tennessee-based utility contractor, allowing the company to expand its presence in the Southeast and keep its long-time bank relationship and credit line.
This company works with telecommunication firms and was experiencing accelerated growth as its business operations increased. The company had an existing line of credit with its bank but was unable to increase the line due to its previous financial performance. United Capital Funding reviewed the company’s current performance and customer base to craft a larger credit facility of more than $4 million.
“Our goal is to help growing companies gain greater liquidity without the corresponding debt on their balance sheet or giving up equity in the company,” Matt Perkins, business development officer at United Capital Funding, said. “With this in place, senior management has more time and energy to dedicate to growing revenue and ensuring customer satisfaction.”
