Daily News: June 2, 2017

Veritas Financial Provides $3MM Revolver for Columbia Systems


Veritas Financial Partners closed a $3 million asset-based revolving credit facility for Columbia Systems International of South Carolina.

Columbia Systems used the proceeds to refinance its existing senior debt and to provide additional working capital for the business.

Allison Bass, CEO of Columbia Systems, said, “It has been a pleasure working with Gregg Simpson and the good folks at Veritas. We found them willing to work with us closely to put together a loan package that met our needs. I highly recommend Veritas to anyone in need of this type of financing.”

Based in Columbia, SC, Columbia Systems manufactures and distributes commercial restroom toilet partitions, lockers and compatible hardware and commercial accessories.

Veritas Financial Partners is a specialty finance firm that provides $2 million to $20 million senior secured credit solutions to businesses across various industries.