Culain Capital Funding completed two separate $1,500,000 million accounts receivable Factoring and purchase order facilities.

The first $1.5MM facility is with a Connecticut-based global distributor of medical supplies and the second facility of $1.5MM is with a New York based global distributor of biodegradable health and beauty products.  Both facilities provide purchase order financing for the procurement of products from overseas vendors and then transition the capital to an accounts receivable factoring facility upon invoicing to customers.

"With an overwhelming demand for their product, these companies had complex business issues that could only be provided by a company like Culain Capital,” said Senior Vice-President Neal Polshuk. “Their necessity for execution capital and post-invoice cash flow has allowed them to quickly drive their business to an expected 10X+ growth.  Culain Capital has the industry knowledge and experience to advise business owners on the working capital needed to grow their companies."

“The structuring of a combined purchase order finance and accounts receivable facility demonstrates the creativity, flexibility and experience of the Culain Capital team. Company management understood that they would not qualify for traditional bank financing and sought out Culain Capital for our innovation and responsiveness,” said Chief Credit Officer, Joseph Heim.  “At Culain, we are Client-Centered, meaning our mission is to help our clients identify, understand and improve their working capital through efficient and effective funding and financing solutions.  Being client-centered, the finance professionals at Culain Capital are uniquely qualified to assist entrepreneurs and their companies grow and become established in their respective industries. Culain Capital looks forward to working with other dynamic startups and providing the funding they need to become highly successful companies."