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Capital Foundry Funding Provides $2MM Revolving Line of Credit to Fleet Refueling Company

November 02, 2017, 07:00 AM

Capital Foundry Funding, LLC (CFF), a subsidiary of Pittsburgh’s Capital Foundry, LLC (Capital Foundry), announced that it has provided a $2 million revolving line of credit to a fleet refueling company located in New York City. The financing provides working capital necessary for the Company to grow its operations. The deal was lead by Capital Foundry principals CEO Neal Shipley, President and Chief Investment Officer Thomas G. Donahue, COO Tony Bellino, and Chief Credit Officer John Fox.

Their first CFF client, the company is a New York City based energy company providing mobile on-site digital diesel refueling for clients within the perishable food markets, beverage distributors, construction industry, emergency power companies, transportation fleets and railroads. The majority of the Company’s customers are Fortune 500 companies with longstanding business relationships with the CEO of the Company.

Prior to joining Capital Foundry, Chief Credit Officer John Fox financed a similar line of credit for the company from 2015 to 2016 and immediately recommended the company as a CFF client.

This longstanding business relationship between Fox and the CEO of the Company, combined with the Company’s extremely creditworthy customer base, appealed to Capital Foundry.

Capital Foundry is the parent company of CFF, established in early 2016 to provide financing and other resources to middle-market companies seeking nontraditional sources of capital. 

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