Culain Capital Funding provided a $3 million accounts receivable factoring facility to a mechanical services company based in NY.
 
The client, a veteran and minority-owned business with aspirations for growth, saw an opportunity to achieve that growth through the acquisition of a subsidiary of another company.  However, with limited capital, the client needed funding to complete the acquisition.  
       
“We saw an opportunity to help this client fast track his growth plans, and we quickly set the wheels in motion,” said Culain’s President Jamie Franz. “Because the objective was to fund an acquisition, we looped our legal team into the process, and they were extremely supportive, structuring the transaction to ensure that our financing complied with the client’s existing contracts.  That was key to making the transaction a smooth one for all.”  
Culain’s diligence and attention to detail made all the difference for this client, whose company is now benefiting from the critical mass they’ve realized through the acquisition.  
 
“We were able to help this client literally transform his business overnight,” Franz said. “He is now on the path that he envisioned, and we’re really pleased that we played a part in that, particularly because he’s a U.S. military veteran.”