TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
June 27, 2024
Source: Culain Capital
(Buffalo, NY) - Culain Capital is pleased to announce the successful structuring of a $3 million accounts receivable financing facility for a prominent manufacturer of sustainable denim. This financing arrangement will provide the necessary working capital to support the company's ongoing growth and future expansion plans.
The sustainable denim manufacturer has been at the forefront of eco-friendly textile production, utilizing innovative methods to reduce water usage, energy consumption, and chemical waste. This commitment to sustainability has not only distinguished the company in the market but also driven increased demand for its products. However, rapid growth often brings about significant financial challenges, particularly in managing cash flow and maintaining adequate working capital.
Recognizing these needs, Dan Stacy, Senior Vice President at Culain Capital, identified the critical working capital requirements essential for the company's continued success. Through diligent analysis and strategic planning, Dan and the Culain Capital team structured an accounts receivable financing solution that will enable the denim manufacturer to leverage its outstanding invoices, ensuring a steady flow of capital.
"We are thrilled to support a company that is leading the way in sustainable manufacturing," said Dan Stacy. "This financing facility will not only help them meet their current financial needs but also position them for future expansion. At Culain Capital, we are committed to providing tailored financial solutions that drive growth and innovation."
Accounts receivable financing, also known as factoring, allows businesses to convert their outstanding invoices into immediate cash. This type of financing is particularly beneficial for companies experiencing rapid growth or seasonal fluctuations in revenue. By securing this $3 million facility, the sustainable denim manufacturer can now focus on scaling its operations, investing in new technologies, and expanding its market reach.
Culain Capital's expertise in providing customized financial solutions has made it a trusted partner for businesses across various industries. The company's commitment to understanding each client's unique needs and delivering flexible financing options has been instrumental in fostering long-term relationships and driving mutual success.
For more information about Culain Capital and their financing solutions, please visit www.culaincapital.com and contact Dan Stacy at 516.244.5590 or dstacy@culaincapital.com
About Culain Capital - Led by experienced, hands-on senior managers, Culain Capital is a leading provider of customized financial solutions designed to meet the unique needs of businesses that need fast, flexible working capital options beyond typical bank lending. Specializing in accounts receivable financing, asset-based lending, and other working capital solutions, Culain Capital is dedicated to helping companies improve their cash flow, support growth initiatives, and achieve their strategic objectives. A privately held company founded in 2022 by James Franz, Joseph Heim, Jim Jarosz and Fred Kulikowski, Culain Capital 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.