Culain Capital Funding closed a $250,000 purchase order financing and accounts receivable factoring facility for an Ohio-based food company.
The client, a startup purveyor of local artisan foods with the goal of distributing its products on a national scale, needed to quickly secure a funding source flexible enough to keep its new business moving in the right direction.
“This is a company that delivers great products and is run by a very strong group of partners. But because they’re a new operation, they faced the funding challenges that are all too common today for businesses trying to gain a foothold in the market. Our team at Culain was able to step in and fill the financing void,” Jamie Franz, president of Culain Capital Funding, said. “We’re proud to provide this kind of ‘lifeline’ capital that allows a promising young company like this to gain momentum and build the kind of critical mass necessary for success. Quite frankly, this is why we do what we do. It’s really gratifying.”
