Daily News: April 26, 2012

Graystone Capital Provides A/R Line of Credit to Lighting Company

Graystone Capital has provided a $375,000 accounts receivable line of credit to a lighting company. This company manufactures and markets smart, sustainable outdoor area and high bay LED lighting systems for commercial and institutional campuses. The company’s lighting systems and products create safer and more attractive grounds, while dramatically reducing energy and operational costs.

“We are pleased to deepen our support of green technologies that enhance energy efficiency and lessen the impact upon our precious environment, which is certainly the case in this partnership with such a well-respected and successful lighting company.” remarked Kevin O’Hare CEO of Graystone.

Graystone Capital is a privately held commercial finance company. It is a direct lender that specializes in asset-based lending services designed to support the growth of American companies.