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Yelton Capital Arranges $4MM ABL for Medical Equipment Distributor

November 10, 2015, 07:07 AM
Filed Under: Distribution

Yelton Capital Network announced it arranged a $4 million asset-based loan facility for a Southeast-based medical equipment distributor. The twenty-five year old company operates both nationally and internationally providing equipment to hospitals, clinics, and medical offices.

When their bank decided to exit the local market, the company was left without a viable financing alternative. Since their inventory was such a large part of the collateral, many traditional asset-based lenders were unable to help. Yelton Capital managed to obtain a number of solid proposals for the company at very competitive rates. The winning lender closed and funded the loan exactly as proposed. Yelton Capital was involved in the process from start to finish to insure a timely and consistent closing process. YCN reviewed the company's financial requirements, prepared the credit request and application, researched appropriate lending sources, negotiated the proposals, and assisted all the way to closing and funding.

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