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UMB Capital Finance Provides $9MM in New Credit Facilities to Four New Relationships

April 30, 2021, 07:00 AM

UMB Bank, through its UMB Capital Finance Accounts Receivable Finance business channel, provided the following financing:

  • A $2,000,000 credit facility to a Rocky Mountain region based luxury brand mattress contract manufacturer. Working through a UMB Bank referral, the client was constricted in their existing traditional working capital facility based on a high concentration customer base. UMB was able to accommodate the concentration and provide cash flow support to expand production. 
  • A $3,000,000 credit facility to a Pacific Northwest region based IT staffing and consulting provider experiencing fast-paced growth with Fortune 500 firms. Referred by a third-party commercial bank, the client was unable to grow their facility with their existing accounts receivable lender and UMB was able to provide an increased facility while offering significant cost savings to the client.
  • A $3,500,000 credit facility to a Rocky Mountain region based heavy duty mining equipment repair company. Sourced through an investment banking firm, the client was financing cash flow internally through its foreign ownership and seeking a working capital facility to support operations and expansion.
  • A $500,000 credit facility to a recently created intrastate transportation firm. The client was unable to utilize the recently created cash flow provided by UMB financing to expand operations and bid more aggressively on potential new direct hauling clients. 

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