Culain Capital Completes $750K A/R Factoring Facility for Welding Company

Culain Capital Funding completed a $750,000 accounts receivable factoring facility with a privately-owned specialty maintenance and welding services company.

Through a referral to Culain Capital from a commercial loan broker, the company detailed that it needed to free up cash flow to due to the nature of how its customers pay for large-scale projects. Culain Capital’s facility will provide consistent flow of capital and liquidity necessary to facilitate the growth of the company.

“Our most recent funding illustrates how a non-bank specialty finance firm along with an incumbent bank can provide structural advantages to the company’s capital stack. When regional and community banks are confined by internal credit policies, Culain Capital is able to partner with the bank and provide their customers with additional flexibility and options to unlock liquidity and deploy more cash for their growth objectives,” Joseph Heim, chief credit officer of Culain Capital, said. “While speaking with our client and their bank, we recognized that a factoring facility would be an effective way for the company to access additional liquidity. The ability to originate and execute a deal with high capital demand along with an existing bank requires strong technical skills. I am proud of how our team of finance professionals established consistent communication with the company and their bank to execute an efficient closing and funding. Culain Capital looks forward to working with other regional and community banks and their customers to design and provide effective and efficient funding to support their strategic growth.”