Culain Capital Funding Provides $3MM in Purchase Order and Factoring Facilities

Culain Capital Funding, a specialty finance firm focusing on funding solutions for small and medium-sized business in the U.S., completed two separate $1.5 million accounts receivable factoring and purchase order facilities.

The first $1.5 million facility was with a Connecticut-based distributor of medical supplies and the second $1.5 million facility was with a New York-based distributor of biodegradable health and beauty products. Both facilities provide purchase order financing for the procurement of products from overseas vendors and then transition the capital to an accounts receivable factoring facility upon invoicing to customers.

“With an overwhelming demand for their product, these companies had complex business issues that could only be provided by a company like Culain Capital,” Neal Polshuk, senior vice-president at Culain Capital, said.  “Their necessity for execution capital and post-invoice cash flow has allowed them to quickly drive their business to an expected 10X-plus growth. Culain Capital has the industry knowledge and experience to advise business owners on the working capital needed to grow their companies”.

“The structuring of a combined purchase order finance and accounts receivable facility demonstrates the creativity, flexibility and experience of the Culain Capital team.  Company management understood that they would not qualify for traditional bank financing and sought out Culain Capital for our innovation and responsiveness,” Joseph Heim chief credit officer at Culain, said. “At Culain, we are client-centered, meaning our mission is to help our clients identify, understand and improve their working capital through efficient and effective funding and financing solutions.  Being client-centered, the finance professionals at Culain Capital are uniquely qualified to assist entrepreneurs and their companies grow and become established in their respective industries. Culain Capital looks forward to working with other dynamic startups and providing the funding they need to become highly successful companies.”