Culain Capital Funding closed and funded a $2.5 million accounts receivable financing facility for a commercial laundry service provider based in New Jersey. The new facility provides critical working capital to help the company take on larger contracts and continue scaling operations across the New York metropolitan area.
“This partnership perfectly illustrates the vital role flexible financing plays for growing service businesses,” Jamie Franz, president of Culain Capital, said. “Our client faced genuine hurdles with their previous funding partner, which constrained their ability to seize larger opportunities. We’re proud to provide a tailored solution that not only resolves those challenges but actively fuels their expansion, ensuring they can consistently meet demand and outperform in a highly competitive hospitality market.”
“Our client’s growth strategy and operational focus are a strong match for Culain’s approach to supporting emerging leaders in service-based industries,” Dan Stacy, senior vice president at Culain Capital, said. “We’re excited to provide the capital they need to pursue larger opportunities and strengthen their position in a highly competitive market.”
