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Aegis Business Closes $9.5MM in Working Capital Facilities for Southeast-Based Firms

August 30, 2017, 08:00 AM
Filed Under: Industrial Products

Aegis Business Credit announced it closed $9.5 million in working capital facilities for two southeast-based companies.

Through Aegis Government Funding, a $6,000,000 Accounts Receivable Credit Line was provided to a company that designs, engineers and assembles custom tool systems for the U.S. military as well as commercial and industrial applications. The additional working capital allows the company to execute their plan to improve margins as well as fund the requirements of larger government contracts. The woman-owned business cited the team’s responsiveness, flexibility and depth of experience as key factors in choosing Aegis.

Seperately the company provided a $3,500,000 Revolving Line of Credit to a multi-generational, family-owned full-service landscape company that designs, builds and maintains landscaping for residential communities and commercial properties. The Aegis facility allows the company to fund both organic and strategic growth.

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