Business Capital (BizCap) delivered a $15 million asset-based revolving credit facility in addition to an owner-user real estate financing package from syndication participants to a West Coast-based provider of temporary traffic control services.
The company is engaged primarily with major utility companies, municipalities and construction firms to ensure a safe work environment with signage, vehicles, equipment and staff, both in rural and urban settings. The new credit facilities will provide working capital and enable continued investment in technology, systems and infrastructure to improve operations and support growth.
“Through our range of capital resources, we provided customized commercial financial solutions that will help this business grow,” Chuck Doyle, president and CEO of BizCap, said. “We are pleased to be able to collaborate with such a diverse set of capital partners. Our multi-faceted product approach allows us to provide bespoke and creative solutions for each client. We are honored to have a hand in seeing businesses thrive and succeed, especially during the last year of particularly strong headwinds,” said Doyle.
BizCap is a commercial finance and advisory firm.
