Culain Capital Funding closed and funded a $3.75 million accounts receivable financing facility for a bedding and linens supplier headquartered in New York City. The new facility is designed to provide essential working capital to support the company’s rapid growth and meet increasing demand from hospitality clients.
To keep pace with increasing demand and growing order volumes, the company sought a more strategic financial partner. Its previous factoring provider could not deliver the level of flexibility required for a growing, service-intensive operation.
“High-growth companies need capital partners that can match their pace with responsive financing,” Jamie Franz, president of Culain Capital, said. “This client’s ability to deliver luxury and innovation at scale is exactly the kind of momentum we’re here to support. We’re proud to provide a tailored working capital solution that gives them the speed and flexibility they need to keep growing.”
“This partnership reflects the core of what Culain does best. We step in where other lenders fall short and help exceptional companies reach their next stage,” Dan Stacy, senior vice president at Culain Capital, said. “We’re excited to support their continued growth as they expand their reach and solidify their leading position in the competitive luxury hospitality market.”
