- TerraNova Capital Equities Announces Three Transactions Totaling $45 Million
- MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
- Crystal Financial and Second Avenue Capital Partners Co-Agent a $40 Million Senior Secured Credit Facility for Jackrabbit
- LBC Supports the Refinancing and Add-on Acquisition for Sciens Building Solutions
- Gerber Finance Launches Gerber+
Culain Capital Enhances Accounts Receivable Financing Facility for Texas Warehousing/Fulfillment Company
April 15, 2024
Source: Culain Capital Funding
(Buffalo, NY) — Culain Capital Funding, a leading provider of secured finance solutions, is pleased to announce the successful completion of an amendment to increase the accounts receivable financing facility of a Texas Warehousing/Fulfillment client.
The amended facility marks a substantial increase in the initial purchased receivable limit, elevating it from $5 million to $8.5 million which stands to significantly augment the clients purchasing power. This strategic enhancement underscores Culain Capital's commitment to supporting the growth and operational efficiency of its clients.
"Empowering businesses to thrive is at the core of our mission at Culain Capital," stated Joseph Heim, Chief Credit Officer at Culain Capital. "We are delighted to strengthen our partnership with our client through this amended accounts receivable financing facility. This increased limit reflects our confidence in their business model and growth trajectory."
“Our client is known for its excellence in warehousing and fulfillment services and will benefit significantly from this expanded financial support. The increased purchasing power will enable the company to capitalize on emerging opportunities, optimize cash flow, and accelerate its expansion plans,” said Heim.
The Chief Executive Officer of the Company stated "We are grateful for the continued trust and support from Culain Capital. This amendment to our accounts receivable financing facility comes at a pivotal time for our company as we pursue ambitious growth initiatives. The increased limit will provide us with the flexibility and resources needed to fuel our momentum and drive success."
The amended accounts receivable financing facility is a testament to Culain Capital's dedication to fostering mutually beneficial partnerships and empowering businesses to achieve their full potential. By tailoring financial solutions to meet the unique needs of its clients, Culain Capital continues to be a trusted ally in driving growth and prosperity.
For more information about Culain Capital and its comprehensive suite of financial solutions, visit www.culaincapital.com or contact Joe Heim at 716.919.1322 or via email at jheim@culaincapital.com
About Culain Capital Funding
Led by experienced, hands-on senior managers, Culain Capital Funding is a one-stop shop for U.S. businesses that need fast, flexible working capital options beyond typical bank lending. A privately held company founded in 2022 by James Franz, Joseph Heim, Jim Jarosz and Fred Kulikowski, Culain Capital Funding builds lasting relationships with brokers, business advisors and companies with financing needs by being responsive, transparent, easy to work with, and by providing direct access to decisionmakers.