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Culain Capital Funding Closes $250K Factoring Facility for School Supplies Company

Date: Dec 22, 2023 @ 07:28 AM
Filed Under: Factoring News

More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital. The latest is a Georgia based School Supplies company that services various schools throughout the United States, which just received a $250K accounts receivable factoring facility through Culain Capital.
 
The client, who had just launched the business, needed to quickly secure a funding source flexible enough to meet their current needs, while providing them with peace of mind - knowing that as those needs continue to change, they’ll have access to the capital that will allow their business to thrive.
      
“Culain Capital was able to move extremely quickly and not only close the deal in under 72 hours, but also fund and get a competitor’s lien released,” said Culain Capital’s Senior Vice President Dan Stacy. “As a startup, the client needed a financing partner that was knowledgeable and able to address the shortcomings and growing pains of a new business.  It’s a great example of the critical role we can play in helping clients of nearly any size grow their businesses.  We provide a ‘lifeline’ of capital which makes growth possible.”
 
“In today’s business environment, reliable funding sources for startup businesses can be more limited and restrictive.” said Joseph Heim, Chief Credit Officer.  “Culain Capital can overcome those limitations to provide different financing solutions to fit almost every situation.  We can sift through the complexities of a deal and provide truly flexible solutions to our clients.  This allows our clients to not only have the working capital they need, but the ability to grow.”

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