UMB Capital Finance closed and funded a $2 million revolving accounts receivable credit facility for a transportation company specializing in flat bed equipment hauls.The proceeds of the facility are being used for working capital and to refinance an existing bank facility that was not meeting the customer’s cash flow needs.
UMB Capital Finance is a financing provider with a focus on transportation, manufacturing, distribution and service providers. The company provides asset-based loans, accounts receivable financing and factoring, as well as mezzanine debt and minority equity interests.
