Culain Capital Funding, a factor and asset-based lender, closed a new $30 million senior lending facility with Texas Capital. This partnership is designed to provide Culain Capital with enhanced capabilities to expand its working capital solutions, aimed at allowing the firm to support a broader range of businesses in need of flexible financing options.
The facility, along with a mezzanine debt investment from a New York-based alternative asset manager, is designed to enable Culain Capital to deepen its commitment to delivering tailored accounts receivable financing, factoring and asset-based lending solutions to middle-market companies across multiple industries.
“This new facility with Texas Capital marks a significant milestone in Culain Capital’s growth trajectory,” Jamie Franz, president of Culain Capital Funding, said. “With their support, we are well-positioned to meet the evolving needs of our clients by providing greater liquidity and flexibility in structuring financial solutions. We value our relationship with Texas Capital and look forward to leveraging this facility to fuel the next phase of our expansion.”
“We are honored to provide financing to Culain and its best-in-class management team,” Steven Katz, managing director, commercial lender finance at Texas Capital, said. “Delivering revolving lines of credit and treasury solutions to our lender finance borrowers are only a few ways that Texas Capital, as a full-service financial services firm, is able to provide value for our clients at every stage of their business life cycles.”
