Culain Capital provided a $250 million accounts receivable factoring facility to a Georgia-based school supplies company that services various schools throughout the United States.
“Culain Capital was able to move extremely quickly and not only close the deal in under 72 hours, but also fund and get a competitor’s lien released.” Dan Stacy, senior vice president, Culain Capital, said. “As a startup, the client needed a financing partner that was knowledgeable and able to address the shortcomings and growing pains of a new business. It’s a great example of the critical role we can play in helping clients of nearly any size grow their businesses. We provide a ‘lifeline’ of capital which makes growth possible.”
“In today’s business environment, reliable funding sources for startup businesses can be more limited and restrictive,” Joseph Heim, chief credit officer, Culain Capital. “Culain Capital can overcome those limitations to provide different financing solutions to fit almost every situation. We can sift through the complexities of a deal and provide truly flexible solutions to our clients. This allows our clients to not only have the working capital they need, but the ability to grow.”