FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Mirate Equity Achieves Significant Milestones with Successful Transactions

December 08, 2023, 05:00 AM
Related: Mirate Equity

Mirate Equity, LLC announced the successful completion of several noteworthy transactions, highlighting the company's unwavering dedication to providing tailored financial solutions. These achievements underscore Mirate Equity's expertise in delivering innovative and personalized financing options to meet the multifaceted requirements of our esteemed clients.

Key Transactions Include:

$10,000,000 Accounts Receivable Credit Facility for an Illinois-based Manufacturer: A prominent manufacturer headquartered in Illinois, specializing in springs and metal stamping for the automotive sector, engaged Mirate Equity LLC for assistance. Recognizing the need for accounts receivable financing, the company approached us for a $10,000,000 credit facility. The proceeds from this facility were judiciously employed to settle obligations with two MCA lenders, thereby fortifying the company's working capital. This transaction serves as a testament to our steadfast commitment to meeting the financial needs of our returning clients.

$6,000,000 Accounts Receivable Credit Facility for a Texas-based Trucking Company: Mirate Equity LLC orchestrated a $6,000,000 accounts receivable credit facility for a well-established trucking company situated in San Angelo, Texas. Boasting over 15 years of industry experience and an impressive portfolio of short and long-haul trucking operations, this company utilized the funds to retire existing bank loans and bolster their working capital reserves.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.