CHICAGO, May 14, 2024
/PRNewswire/ -- Aequum Capital is pleased to announce it recently
provided a $5MM revolving credit facility and $4.3MM Term Loan to a Midwest based manufacturing
company. The proceeds of the Facilities were used to
refinance the Company's Main Street Loan ("MSL") which was facing a
near term maturity. In addition, the MSL prevented the
Company from accessing a working capital line of credit.
Aequum was able to quickly and efficiently provide a term loan
heavy structure based on the abundance of assets. The access
to additional working capital liquidity allowed the Company to
catch up past due payables, relieve supply chain constraints, and
continue to serve its longstanding blue chip customer base.
Aequum was able to provide the financing despite the Company's
current operating losses and consecutive annual losses following an
industry-wide pandemic-related slow down. The strength of the
management team, coupled with the strong backlog of firm orders
from long standing customers allowed Aequum to find value where
other lenders could not.
Helios Strategic Advisors, LLC advised on the transaction.
About Aequum Capital
Aequum Capital Financial is a specialty finance lender providing
senior asset-backed and cash flow debt facilities of up to
$25 million to small and medium-sized
businesses throughout the U.S.
For more information, please go to https://aequumcapital.com or
contact Eric Weisheit at
ericweisheit@aequumcapital.com.
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SOURCE Aequum Capital Financial LLC