Equify Business Funding closed two new revolving credit facilities, totaling $2.25 million, to support manufacturing clients in the Great Lakes region.
The first facility totaled $1.5 million for a precision metal stamping manufacturer. Previously financed through another lender, the company chose Equify to unlock additional collateral availability and enhance working capital flexibility.
The second facility totaled $750,000 for an automotive component manufacturer. Seeking greater borrowing capacity than their prior lender could provide, the client partnered with Equify to meet ongoing operational and growth needs.
“These transactions demonstrate our commitment to delivering creative and flexible financing solutions that help manufacturers maximize their potential,” Kei Lehigh, president of Equify Business Funding, said.
