Culain Capital Funding provided a $.35 million accounts receivable factoring facility to a mechanical services company based in Houston.
Specializing in HVAC, refrigeration, electrical and plumbing services, the client is a relatively new company, yet its customer base already includes several major retailers. Of course, meeting the needs of these high-volume customers requires a significant commitment of resources, and the client had an immediate need for funding to ensure the delivery of its services. The client’s primary focus was on its largest customer, a large convenience store chain with locations around the globe.
In pursuit of this funding, the client had been in contact with multiple lenders, but the deal it sought was complex one, which required creativity, teamwork and responsiveness. To get the deal across the finish line, Jim Jarosz, COO of Culain Capital Funding, jumped on a plane to Houston to meet with the client and put all the pieces in place.
“We provide our clients with funding, but at the end of the day, we’re not in the money business; we’re in the service business,” Jarosz said. “That means we need to take great care of our clients and do whatever we can to meet their needs. In the factoring space, it also means we need to take great care of our client’s customers. At Culain we are keenly aware of the importance of those relationships. I believe that mindset was critical in making this deal a reality for our client.”
