Celtic Capital Provides $1MM A/R LOC to Furniture & Fixtures Distributor
Celtic Capital provided a $1 million accounts receivable line of credit to a North Carolina-based distributor of furniture and fixtures for the commercial building space.
Celtic Capital provided a $1 million accounts receivable line of credit to a North Carolina-based distributor of furniture and fixtures for the commercial building space.
TAB Bank provided a $1 million revolving credit facility to a lighting systems manufacturer based in California.
First Capital announced it provided a $10 million working capital facility to a software sales and service provider.
North Mill Capital funded three transactions totaling more than $15 million.
Business founders and key management are often more positive about a situation than an objective third party. However, this optimism can very quickly cause — or exacerbate — a cash-flow crisis. Gavin/Solmonese director Luke Snyder says a well-crafted 13-week cash-flow model serves as a reality check for all stake holders and highlights a logical path forward.
Crestmark secured a total of $3.05 million in financial solutions for six new clients since April 1.
Crestmark said it secured a total of $5.6 million in financial solutions for eight new clients since March 15.
Noble Funding closed $2.5 million in revolving lines of credit to two companies in March.
First Capital provided an $8.5 million asset-based senior credit facility to a manufacturer of outdoor and specialty signs. The facility is collateralized by accounts receivable and inventory.
A total of $4.55 million in financial solutions were secured for five new Crestmark clients during the first two weeks of January.