US Capital Partners has arranged a $1.5 million senior secured credit facility for a growing California-based operations and logistics resource business
San Francisco, CA, May 28, 2010 — US Capital Partners, Inc. (“USCP”) has secured a $1.5 million senior secured credit facility for Transportation Agent Grid, LP (“TAG”), headquartered in Newark, CA. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in business loans for small to middle-market companies.
The new credit facility served to refinance TAG’s previous line of credit and to finance its receivables, and will be used to support the partnership’s ongoing domestic growth. TAG is a full-service operations and logistics resource business for California-based independently-owned local and regional on-call delivery companies. In 2010, TAG will be expanding its operations to Seattle and Chicago.
To support TAG’s growth, USCP successfully moved the partnership’s financing from a term-loan structure to a revolving line of credit based on its trade accounts receivable. Working with its affiliates, USCP successfully structured an optimal financing arrangement for TAG, maximizing the partnership’s borrowing eligibility.
“We are delighted to have secured this financing facility for TAG,” said Jeffrey Sweeney, CEO and Managing Director of USCP. “Through a careful analysis of the partnership’s collateral base, we were able to understand its trade receivables from a credit perspective. This made it possible for us to bring in lenders under a new, improved structure. At USCP, we specialize in securing financing for smaller companies that is both intelligently structured and affordable.”
About US Capital Partners, Inc
Since 1998, US Capital Partners has been providing prompt, innovative, and reliable financing solutions including lending, corporate financing, and debt re-structuring to businesses across the United States and abroad. US Capital is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small- to middle-market private and public companies. The company’s innovative approach allows them to provide the best financing available, not only for companies in excellent financial condition, but also for companies who may have been refused credit by traditional lenders.
If you would like to know more about how your business can secure the funding it needs, visit http://www.uscapitalpartners.net/ or call (415) 882-7160.
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Contact:
Emilia Doerr
US Capital Partners, Inc
San Francisco, CA
310-709-4620
[email protected]
http://www.uscapitalpartners.net
