Daily News: August 21, 2012

Graystone Capital Provides $750K A/R Line to Commercial Printer

Graystone Capital said it provided a $750,000 accounts receivable line of credit to an OR-based commercial printer. This company provides printing, fulfillment, kitting and on-site inventory management for their clients including global distribution needs.

The line of credit will be utilized to supplement working capital and smooth out the cash-flow cycles associated with their lumpy municipal and governmental payment trends.

Kevin O’Hare, CEO of Graystone Capital said “We are looking forward to working with our new borrowers as they continue to build upon the successes they’ve enjoyed in their business over the past decade. We are particularly pleased to assist a similarly owned and managed family business, much like ourselves.”