Pinnacle Capital Finance issued a $2 million accounts receivable line of credit to a central California-based building restoration business. The company provides emergency repair, remediation and restoration services throughout the Sacramento and San Joaquin Valleys in California.
“Due to the extensive flooding and snowfall throughout California this winter our borrower was faced with soaring demand to rapidly mitigate the ubiquitous building damage sustained by these relentless storms,” Kevin O’Hare, president of Pinnacle Capital Finance, said. “The working capital financing we’ve provided will be utilized to fund the mobilization of resources and on-going operational expenses. We are delighted to play a small part in helping with the safety and comfort of our fellow Californians by partnering with this reputable company as provide this valuable service.”
