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Veritas Financial Provides $5.5MM Credit Line to Transportation Services Company

May 05, 2014, 07:42 AM
Filed Under: Transportation

Veritas Financial Partners provided a $5.5 million credit facility collateralized by the borrower’s account receivables and M&E. The line of credit was utilized to refinance existing indebtedness and for general ongoing working capital needs.

The borrower is a full service transportation company which was established in 1947. The business consists of motor coach line runs, charters, tours, limousines and shuttle services for individuals and corporate customers. 

Veritas Financial Partners is a leading national financial services firm that provides senior secured credit facilities to middle-market businesses. Veritas provides financing across a variety of industries and forms of collateral, including accounts receivable, inventory, machinery, equipment and commercial real estate. Commitments range from $2 million to $10 million, and often involve facilities that blend various forms of loan facilities, providing clients with a single financing solution. Facilities larger than $10 million are available through participating lenders.

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