Prior to receiving financing from Veritas, the Company growth was hampered by a loan facility that could not meet its working capital needs. With the addition of the new Veritas loan facility the Company can now capitalize on sales previously turned away
Boca Raton, FL (PRWEB) May 08, 2013
Headquartered in the Southeast, the company has provided services for cell towers throughout the United States since 1997. Operating from six regional locations the Company can provide a full range of engineering services including fuel cell, router and radio installation and replacement services. Prior to receiving financing from Veritas, the Company growth was hampered by a loan facility that could not meet its working capital needs. With the addition of the new Veritas loan facility the Company can now capitalize on sales previously turned away.
Veritas Financial Partners successfully closed a $2 million senior secured revolving line of credit for the Company secured by the Borrower’s accounts receivables and inventory, and an $800,000 term loan secured by equipment.
Veritas Financial Partners will be attending the 14th Annual B. Riley Investor Conference May 20-22, 2013 to feature 200 companies in broad range of consumer and technology sub-sectors: Retail and Restaurants, Consumer Products, Semiconductors, Software, Optical, Aerospace & Defense, Media & Entertainment, Internet, Automotive & More. Please email Marin McElhany, VP Sales and Marketing Mmcelhany(at)vfpfinancial(dot)com or call (561) 405- 2023 if you will be in the Los Angeles area.
About Veritas Financial Partners
Veritas Financial Partners is a leading national financial services firm that provides senior secured credit facilities to small and medium sized businesses. We provide financing across a variety of industries and forms of collateral, including accounts receivable, inventory, equipment, and other fixed assets as well as owner occupied commercial real estate. Commitments range from $1.0 – $25.0 million, and often involve facilities that blend various forms of collateral, providing the client with a single financing solution. The Veritas platform also serves as a world class loan servicer and asset manager for institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds interested in participating in Veritas’s secured lending investments. Visit us online at http://www.vfpfinancial.com.