ATRM Holdings, Inc. announced that its wholly-owned subsidiaries KBS Builders and Maine Modular Haulers, comprising its KBS modular construction business, have entered into a loan agreement with Gerber Finance Inc. providing them with a credit facility with borrowing availability of up to $4 million.  Availability under the loan agreement is based on a formula tied to the borrowers’ eligible accounts receivable, inventory, equipment and real estate.

Dan Koch, President and Chief Executive Officer of ATRM, said, “The modular construction industry places significant working capital demands on manufacturers, and this credit facility will help KBS in all areas of its operations. The timing for the credit facility complements recent changes implemented at KBS.  We have replaced an outdated ERP system with a much better product more suited to the demands of our business, and, most importantly, hired new management with extensive manufacturing experience to help maintain our focus on quality, efficiency, and reducing costs.”

ATRM Holdings, Inc., through its wholly-owned subsidiaries KBS Builders, Inc. and Maine Modular Haulers, Inc., manufactures modular housing units for commercial and residential applications.  ATRM is based in St. Paul, MN, with facilities in South Paris and Waterford, ME.