US Capital Partners provided a $1.5 million asset-based line of credit for an expanding distribution business headquartered in the Northeastern United States that provides both educational publications and personal care products.

“We are extremely pleased to have provided this $1.5 million accounts receivable and inventory line of credit for an expanding global distributor of educational publications and personal hygiene products,”
said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “The company approached US Capital Partners to refinance an existing bank loan and put in place a more flexible, scalable asset-based facility. US Capital Partners was able to provide a line of credit that provides additional working capital for this expanding enterprise and better supports the ongoing growth and payables management of the business
going forward.”