CNH Finance provided a $2.5 million revolving line of credit to a specialty mail-order pharmacy primarily serving the southeastern United States. The revolving line of credit loan proceeds included $2.5 million to be secured by accounts receivables. The credit facility enabled refinancing of the borrower’s previous debt structure while providing the borrower with availability to continue to pay for drug supplies and working capital costs thereafter.
CNH Finance specializes in middle-market asset-based lending, providing clients working capital from $1 million to more than $20 million. Financing is provided in the form of revolving lines of credit and term loans secured by accounts receivables, inventory, equipment and real estate. CNH Finance provides growth and turnaround capital to healthcare providers and companies that may be experiencing limitations or delays on conventional bank loans.
