The company was searching for a long term finance relationship to leverage its equity base and selected Veritas as its partner to assist them in achieving their goals
BOCA RATON, FL (PRWEB) May 29, 2013
Veritas successfully closed a $4 million revolving line of credit for a factoring and purchase order company in order to support its continued growth and leverage its equity base.
Factoring and Purchase Order Funding Company
The company is a national factor and purchase order funding provider that serves clients of diverse business types, including staffing companies, distributors, importers, light manufacturers and service providers.
Veritas Provides $4 Million Funding Solution
Veritas Financial Partners successfully closed a $4.0 million line of credit for the company to support its continued growth. Since inception, the company had been operating with equity supplied by its owners. The new line of credit will allow the company to expand operations and service additional clients. The company was searching for a long term finance relationship to leverage its equity base and selected Veritas as its partner to assist them in achieving their goals.
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. Veritas provides 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.