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Veritas Financial Partners Provides $3MM for Columbia Systems

June 02, 2017, 07:00 AM
Filed Under: Manufacturing

Veritas Financial Partners announced the closing of a $3 million asset based revolving credit facility for Columbia Systems International of South Carolina Inc. Columbia Systems utilized the proceeds to refinance its existing senior debt and to provide additional working capital for the business.

Allison Bass, Chief Executive Officer of Columbia Systems, said, "It has been a pleasure working with Gregg Simpson and the good folks at Veritas. We found them willing to work with us closely to put together a loan package that met our needs.  I highly recommend Veritas to anyone in need of this type of financing."

Gregg Simpson, Senior Vice President of Veritas Financial Partners, led the transaction for Veritas. Simpson has maintained a 7 year financing relationship with the company.

Based in Columbia, South Carolina, Columbia Systems manufactures and distributes commercial restroom toilet partitions, lockers, and compatible hardware and commercial accessories.  The Company sells nationwide and to national accounts such as Home Depot, Burger King, Lowes, Kroger, and large metropolitan school districts such as New York and Los Angeles.

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