Speritas Capital Partners Arranges an $18 Million Closed ABL Deal
December 17, 2024
Source: Speritas Capital Partners
GREENWICH, CT — DECEMBER 16, 2024 – Speritas Capital Partners today announced the closing of an $18 million asset-based revolving line of credit for a manufacturer of proprietary storage products. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to support substantial growth. The new revolving facility helps position this family-owned business for future expansion.
“Our ability to provide financing options tailored to the company’s specific financial condition and financing needs made a big difference,” says Speritas Capital’s CEO, Jeffrey Bardos. “We worked closely with the executive team to develop a compelling story for potential lenders. COVID and post-COVID logistics issues impacted the company’s financial performance and restricted the previous lender’s interest in supporting growth. Speritas Capital worked with the client and the new lender throughout the process to develop a comprehensive financing package that included accounts receivables, inventory, machinery and equipment.”
“The company was in the early stages of a turnaround when I contacted Speritas Capital,” noted the CEO of the client. “Jeff moved quickly, identifying the right lending partner and he led the refinancing process from start to finish. Jeff has a strong understanding of the ABL market and how to work with lenders for a quick closing. We’re very happy with the support provided and with the outcome.”
About Speritas Capital Partners
Greenwich, CT-based Speritas Capital works with small to lower middle market businesses and commercial real estate investors to provide financing solutions for difficult credit, collateral and cash flow situations. We have relationships with over 100 national lenders and private investors which give us the product breadth to assist clients in identifying funding options which go beyond what traditional lenders can typically provide.
We can arrange financing for a wide range of products: asset-based lines of credit, accounts receivable finance, purchase order finance, equipment finance, SBA and USDA guaranteed loans and bridge/construction and permanent commercial real estate loans. Scenarios include rapid growth, turnarounds and acquisitions.
www.speritascapital.com
“Our ability to provide financing options tailored to the company’s specific financial condition and financing needs made a big difference,” says Speritas Capital’s CEO, Jeffrey Bardos. “We worked closely with the executive team to develop a compelling story for potential lenders. COVID and post-COVID logistics issues impacted the company’s financial performance and restricted the previous lender’s interest in supporting growth. Speritas Capital worked with the client and the new lender throughout the process to develop a comprehensive financing package that included accounts receivables, inventory, machinery and equipment.”
“The company was in the early stages of a turnaround when I contacted Speritas Capital,” noted the CEO of the client. “Jeff moved quickly, identifying the right lending partner and he led the refinancing process from start to finish. Jeff has a strong understanding of the ABL market and how to work with lenders for a quick closing. We’re very happy with the support provided and with the outcome.”
About Speritas Capital Partners
Greenwich, CT-based Speritas Capital works with small to lower middle market businesses and commercial real estate investors to provide financing solutions for difficult credit, collateral and cash flow situations. We have relationships with over 100 national lenders and private investors which give us the product breadth to assist clients in identifying funding options which go beyond what traditional lenders can typically provide.
We can arrange financing for a wide range of products: asset-based lines of credit, accounts receivable finance, purchase order finance, equipment finance, SBA and USDA guaranteed loans and bridge/construction and permanent commercial real estate loans. Scenarios include rapid growth, turnarounds and acquisitions.
www.speritascapital.com