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UMB Capital Finance Closes $4MM Accounts Receivable Facility with Transportation Firm

March 06, 2020, 09:10 AM
Filed Under: Transportation

UMB Bank, N.A., transacting business as UMB Capital Finance, announced the closing and funding of a $4,000,000 revolving account receivable credit facility for a transportation company specializing in the delivery of refrigerated freight nationwide. The proceeds of the facility are being used for working capital and to refinance an existing bank facility that was not meeting the customer’s cash floor.

UMB Capital Finance has long been a major financing provider with a focus on transportation, manufacturing, distribution and service providers. We offer working capital solutions which combine the strength of our experienced team with a suite of financing solutions that include asset-based loans, accounts receivable financing and factoring, as well as mezzanine debt and minority equity interests.  We service a nationwide footprint with borrowing needs up to $30 million with clients and offices located throughout the United States.

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