Daily News: May 29, 2012

Graystone Provides Receivable LOC to Identity Solutions Company

Graystone Capital announced the issuance of a $500,000 credit facility to an identity solutions company located in Silicon Valley. The company offers technical consultancy and services to design, deploy, and support digital identity solutions for enterprise, healthcare and government organizations.

Graystone said the company will utilize the loan proceeds to support its working capital needs and improve the company’s cash position, as it continue to expand its operations and capitalize on the company’s vast opportunities.

Graystone Capital is a direct lender that specializes in asset-based lending services designed to support the growth of American companies. The Technology Finance division targets small- to-medium cap emerging technology companies with venture debt and other early-stage debt financing.