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Business Capital Structures $1.5MM for Lighting Equipment Distributor

October 01, 2014, 06:49 AM
Filed Under: Specialty Industries

Business Capital announced it structured a $1.5 million combination real estate and accounts receivable financing for a photo, video and lighting company. The company designs, builds and distributes high-quality photo, video and lighting equipment for both professional and amateur applications. They have been an industry leader for over 30 years and currently carry nearly 400 individual items, as well as a line of easy-to-use kits which group essential products to help beginner and intermediate users deliver professional results.

The company has weathered industry-wide setbacks in recent years, which have affected sales and bottom-line performance.  Although their current position has been strengthened with increased revenues and successful patents, the Company requires additional working capital to pay off debt and fully execute its turnaround plan.

Business Capital was referred in by the client’s incumbent bank and was able to structure a combination real estate bridge loan and credit facility based on international accounts receivable and inventory. The additional working capital will fund both domestic and overseas sales and allow the company to realize a full recovery and plans for growth.

For over a decade, Business Capital (BizCap) has been structuring and delivering customized solutions to hyper-growth and distressed small and middle market companies nationwide. Committed to customer focus, BizCap implements resourceful working capital and restructuring solutions for companies in need of immediate liquidity, especially when conventional capital sources are not an option.

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