Culain Capital Funding provided a $3 million accounts receivable factoring facility to a mechanical services company based in New York. The client, a veteran- and minority-owned business, needed funding to complete the acquisition of a subsidiary of another company
“We saw an opportunity to help this client fast track his growth plans, and we quickly set the wheels in motion,” Jamie Franz, president of Culain Capital Funding, said. “Because the objective was to fund an acquisition, we looped our legal team into the process, and they were extremely supportive, structuring the transaction to ensure that our financing complied with the client’s existing contracts. That was key to making the transaction a smooth one for all.
“We were able to help this client literally transform his business overnight. He is now on the path that he envisioned, and we’re really pleased that we played a part in that, particularly because he’s a U.S. military veteran.”
