Daily News: December 14, 2012

Graystone Capital Provides A/R Line to Printing Company

Graystone Capital announced it has extended a $300,000 accounts receivable line of credit to a primarily female-owned, state-of-the art print production company that has been in existence since 1973.

A recent acquisition has enabled the company to expand upon its digital printing capabilities; however, in doing so it required addition working capital which their existing bank was unable to provide.

Kevin O’Hare, CEO of Graystone Capital said he was pleased to be in a position to provide this second generation family business with the necessary capital to adequately increase their business and continue their nearly 40-year legacy of success.