Culain Capital Funding completed a $1 million accounts receivable factoring facility with a startup specialty maintenance staffing company based in Texas.
The specialty maintenance staffing company was started in 2022 to provide custom “stable renewable term” facility maintenance. The CEO has been in the industrial staffing business for 11 years and brings a strong operations team to service the growing demand from the company’s customers. The company will be providing monthly maintenance services to two large companies in the Texas area.
“When reviewing this startup operation, Culain Capital quickly became comfortable with the senior management and the two multinational clients they were entering into contracts with.” Mark J. Simshauser, senior vice president at Culain, said. “Culain strongly believes that this client will grow into a very successful operation and financing partnership.”
