Yelton Capital Network announced it arranged a $3 million asset-based revolving credit facility for a Southeast based manufacturer of outdoor products. The company had outgrown its bank line and needed capital for growth and expansion. The company needed both a receivables loan and an inventory loan to finance ongoing operations.
YCN made the connection with a bank owned asset-based lending company which moved quickly to close and fund the new facility.
YCN provides financial advisory and loan placement services for small to medium sized businesses nationwide.