UMB Capital Finance recently closed four asset-based credit facilities totaling more than $21.3 million. The facilities provided further financing resources to an oil and gas distributor, an IT staffing and solutions provider, a craft brewery and to Grunt Style, a manufacturer and marketer of apparel.
These long-term financing accommodations included revolving lines of credit, equipment term loans and real estate term loans. They will be used for working capital needs and business growth as well as to refinance existing debt and to purchase additional equipment.
“The UMB team remained flexible throughout the diligence process to meet the needs of Grunt Style,” Andy Butler, director at C3 Capital, said. “Alongside UMB and other partners, we are positioned for continued success in the years to come.”
UMB Capital Finance provides asset-based financing solutions up to $50 million via lines of credit secured by accounts receivable and inventory, and term loans supported by equipment, real estate and cash flow. The company typically serves middle market companies with annual revenues from $10 million to $300 million.
