Pinnacle Capital Finance has funded a $995,000 accounts receivable line of credit for a company that manufactures casings, sheet metal and extruded products for the aircraft, military and space industry.
The company has been an industry leader for 40 years and has the largest privately held inventory of forming equipment in the world.
The line of credit will be used to supplement cash flow during crucial times of need, meet payroll demands and increase sales and production.
“We are pleased to provide working capital support to such a well-respected company. It is particularly gratifying being able to assist them with their growth needs, especially knowing it will include job creation opportunities,” said Kevin O’Hare, president of Pinnacle Capital Finance.
Pinnacle Capital Finance offers an array of asset-based lending services to growth companies.
