Daily News: August 22, 2012

US Capital Secures Financing for Bike Component Distributor

US Capital Partners said it has secured $3 million in financing for a growing CA-based designer and distributor of bicycle components and accessories. The facility encompasses a $2 million line of credit and a $1 million term loan.

“We are delighted to have assisted this rapidly expanding California business,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “The company approached US Capital Partners to place a scalable accounts receivable and inventory line of credit to support its growing working capital needs,” Sweeney added.

US Capital Partners is a private investment bank, direct lender, and lead debt and equity financial participant and arranger that specializes in structuring and providing financing for small to lower middle-market companies.