Culain Capital Funding closed and funded a $2.5 million accounts receivable financing facility for a Western New York-based industrial materials distribution company serving manufacturers, foundries and industrial processors throughout the United States.
The new working capital facility was structured to support the company’s continued growth. As customer demand increased and sales volumes expanded, management sought a financing solution capable of providing enhanced liquidity while maintaining the operational flexibility needed to manage larger transaction volumes and supplier commitments.
The facility includes accounts receivable financing designed to provide ongoing liquidity as sales volumes increase and working capital requirements evolve.
“Industrial supply chains depend on reliable access to specialized materials, and this company has built a strong reputation as a trusted supplier to manufacturers and industrial processors nationwide,” James Franz, president of Culain Capital, said. “As the business continued to grow, management needed a financing partner that could provide greater liquidity without limiting future growth. This transaction reflects our ability to structure scalable working capital solutions for companies operating in specialized industrial markets where access to liquidity is critical to supporting growth and managing complex supply chains.”
Travis Smith, senior vice president – regional sales executive at Culain Capital, added, “The company’s growth trajectory and strong customer relationships made this an excellent fit for Culain’s financing platform. Our ability to provide a scalable facility allows management to focus on execution while maintaining the liquidity necessary to capitalize on new opportunities. We look forward to supporting their continued growth.”
The new facility positions the company to expand its national customer base, strengthen supplier relationships and pursue additional growth opportunities while maintaining the liquidity necessary to support increasing demand.
